Fundamental Global Inc. (FG Nexus), listed on Nasdaq, announced a significant acquisition of 47,331 Ethereum using proceeds from a $200 million private equity raise.
Purchase of ETH and Company Plans
FG Nexus started its strategy by symbolically purchasing 6,400 ETH generated in Ethereum's genesis block on July 30, 2015. By August 10, 2025, the total holdings reached 47,331 ETH. According to Bloomberg data, these purchases were made at a price of $4,228.40 per ETH.
Asset Management Strategy
The company aims to participate in Ethereum-based tokenized real-world assets and stablecoin yield strategies by staking and restating these assets. Anchorage Digital will provide custody of the assets, while Galaxy will manage them.
Statements from FG Nexus Leadership
Maja Vujinovic, CEO of FG Nexus Digital Assets, stated, 'Ethereum is rapidly becoming the foundation of global digital finance. We aim to drive global adoption of ETH as a treasury reserve asset.' Kyle Cerminara, CEO and Chairman of the Board, added, 'We will differentiate ourselves by focusing not only on accumulating ETH but also on increasing ETH returns.'
Overall, FG Nexus aims to strengthen its position in the Ethereum market and increase returns through its assets. The company's strategy will focus on actively participating as a significant player in digital finance.