Golden Finance reported that Fundamental Global (NASDAQ: FGF) announced today the completion of a $200 million private placement financing and will change its name to FG Nexus. This financing involves the issuance of 40 million prepaid common stock warrants at a price of $5 each, with support from institutional investors such as Galaxy Digital. The company plans to use the raised funds to establish an Ethereum reserve, aiming to acquire 10% of the Ethereum network's equity. Meanwhile, the company will participate in network operations through staking and other means, and explore tokenized asset business.