Nasdaq-listed Fundamental Global has officially rebranded to FG Nexus and announced a major treasury shift, adopting Ethereum as its primary reserve asset. The announcement coincided with Ethereum’s 10th anniversary on July 30, highlighting the company’s commitment to blockchain adoption.
To support the transition, FG Nexus launched a $200 million private placement by issuing 40 million prefunded stock warrants at $5 each. The proceeds will be used to acquire ETH and implement a dynamic treasury strategy involving staking and yield generation across Ethereum’s DeFi protocols.
Major firms backing this transition include Galaxy Digital and Kraken—with Galaxy managing treasury and yield operations, and Kraken overseeing staking and on-chain infrastructure. Additional participants in the round include Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic.
The move aligns FG Nexus with a growing trend among public companies embracing Ethereum for long-term value and active participation in the digital finance ecosystem.
You need to login in order to Like
Leave a comment