- FG Nexus purchased 47,331 ETH worth $200M at an average price of $4,228.40 per token.
- The company aims for a 10% Ethereum network stake, supported by staking and restaking strategies.
- Partnerships with Anchorage Digital and Galaxy will provide custody and asset management for ETH reserves.
FG Nexus, the digital assets division of Fundamental Global Inc., has purchased 47,331 ether valued at $200 million as part of its plan to secure a significant stake in the Ethereum network. The company disclosed that the acquisitions were executed at an average price of $4,228.40 per token. The initiative is designed to position FG Nexus among the largest corporate holders of ether.
Accumulation Plan Began on Ethereum’s 10-Year Anniversary
As reported by CryptoNewsLand earlier, the accumulation strategy began on July 30 with a purchase of 6,400 ETH, coinciding with the tenth anniversary of Ethereum’s genesis block. FG Nexus stated that this transaction marked the formal start of its long-term plan to build a large ETH treasury. Subsequent purchases quickly followed, resulting in the current 47,331 ETH holding, which was also confirmed via an X post by Whale Insider.
The company confirmed that all net proceeds from its recent $200 million private placement were deployed into ether purchases. According to FG Nexus, “ETH Yield,” defined as ether generated per share, will serve as its primary performance measure for shareholders. This metric will be supported by staking and restaking activities aimed at increasing returns from its holdings.
Strategic Partnerships and Custody Arrangements
The company confirmed via a press release that Anchorage Digital has been selected to provide custody for ETH reserves. The firm’s CEO, Nathan McCauley, noted that the arrangement combines secure asset storage with trading capabilities.
Source: FG Nexus (Press Release)Galaxy will act as the asset manager, with its Global Head of Asset Management, Steve Kurz, confirming the partnership’s role in facilitating structured ETH exposure for investors.
Effective August 11, 2025, FG Nexus’s common stock trades on NASDAQ under the symbol FGNX, replacing FGF. Its Series A Preferred Shares trade under FGNXP, replacing FGFPP. The company also confirmed plans to formally change its corporate name to FG Nexus.
Capital Framework and Expansion Plans
Following the private placement, FG Nexus filed a $5 billion shelf registration. This framework ranks among the largest in the ETH treasury sector. The company intends to use it for further accumulation of ether and to pursue its goal of a 10% network stake.
FG Nexus outlined plans to engage in Ethereum-powered financial activities, including tokenized real-world assets and stablecoin yield opportunities. The strategy is aimed at expanding its ETH holdings while generating additional yield from network participation.As of its latest update, FG Nexus’s ether reserves place it among the largest corporate participants in the Ethereum ecosystem by token holdings.
