• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

FG Nexus Completes Purchase of 47,331 ETH and Targets ETH Treasury Strategy

user avatar

by Giorgi Kostiuk

2 hours ago


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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Space Tickets Can Now Be Purchased with Cryptocurrency via Blue Origin and Shift4 Payments

chest

Blue Origin now accepts cryptocurrency for purchasing tickets to space in partnership with Shift4 Payments.

user avatarGiorgi Kostiuk

Could Shiba Inu Reclaim the Meme Throne? An Analysis of Current Crypto Trends

chest

An analysis of current crypto trends: Shiba Inu may reclaim its meme title while Polkadot updates to 2.0.

user avatarGiorgi Kostiuk

Exodus and Superstate: Tokenizing Shares on Solana for Enhanced Investor Access

chest

Exodus Movement, Inc. announced a partnership with Superstate for stock tokenization on Solana, increasing digital asset accessibility.

user avatarGiorgi Kostiuk

Paxos Aims to Obtain National Trust Bank Charter in the U.S. for Enhanced Compliance

chest

Paxos Trust Company has applied for a national trust bank charter to enhance transparency and safety in financial operations.

user avatarGiorgi Kostiuk

Price Prospects of Mantle and Shiba Inu, Cold Wallet Launch with 2 Million Users

chest

The state of Mantle and Shiba Inu cryptocurrencies, alongside the launch of Cold Wallet with 2 million users, is explored in this new analysis.

user avatarGiorgi Kostiuk

Trump Cancels Gold Tariffs: The Impact on Inflation and Cryptocurrencies

chest

Trump has canceled gold tariffs amid expected inflation in the US, which may influence currency and cryptocurrency markets.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.