{"id":12146,"date":"2026-08-20T18:26:12","date_gmt":"2026-08-20T18:26:12","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12146"},"modified":"2026-08-20T18:26:12","modified_gmt":"2026-08-20T18:26:12","slug":"nasdaq-listed-company-warned-it-may-not-survive-12-months-after-its-crypto-treasury-crashed-46","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12146","title":{"rendered":"Nasdaq-listed company warned it may not survive 12 months after its crypto treasury crashed 46%"},"content":{"rendered":"

<\/p>\n

\n

Cosmos Health\u2019s crypto treasury was down about 46% at the end of June as the Nasdaq-listed company warned that recurring losses and reliance on outside financing raised substantial doubt about its ability to continue as a going concern over the next 12 months.<\/p>\n

The company held 474.85 ETH and 15.66 BTC worth a combined $1.66 million against a $3.1 million cost basis, leaving about $1.44 million in unrealized losses. Ethereum accounted for $1.25 million, or 87%, of the shortfall.<\/p>\n

The holdings stem from an August 2025 financing agreement with ATW Digital Asset Opportunities VII that allowed Cosmos to issue up to $300 million of senior secured convertible notes.<\/p>\n

Cosmos initially issued an $8 million note carrying a $720,000 original-issue discount and 9% annual interest. It also recorded $736,250 of direct issuance costs and fees.<\/p>\n

\"Infographic\"Infographic<\/p>\n

Under the August 2025 financing agreement, Cosmos was required to direct 72.5% of net note proceeds into crypto, with the remainder available for working capital and general corporate purposes.<\/p>\n

Cosmos later disclosed that it had used about $3.1 million to buy Ethereum and Bitcoin and about $1.8 million for working capital<\/p>\n