⚡ Fundamental Global’s $5B Ethereum Power Move 🚀
Nasdaq-listed Fundamental Global (FGF) has filed an S-3 with the SEC to roll out a $5 BILLION Ethereum treasury plan.
💰 The Game Plan
• Sell shares in phases under a $5B shelf offering.
• $4B to be raised via ATM sales with ThinkEquity.
• Majority of funds → Buy ETH 🪙
• Remaining funds → Business operations.
📌 Recent Moves
• Raised $200M last week in private placement to kickstart ETH reserve.
• Rebranded as FG Nexus Inc. — ticker change to FGNX and FGNXP may follow.
• CEO Kyle Cerminara targets 10% ETH allocation in treasury.
🌐 Bigger Trend
FG joins SharpLink Gaming, BitMine, and Bit Digital in adopting Ethereum-focused treasuries.
📊 This could mark one of the largest corporate ETH accumulation strategies in history.
#ETH #CryptoIn401k #EthereumAdoption #IPOWave $ETH $BNB $XRP