Binance News
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FG Nexus Aims for Significant Stake in Ethereum Network
According to Foresight News, Nasdaq-listed company Fundamental Global Inc. (FG Nexus) announced that as of August 10, 2025, it holds 47,331 ETH at an average price of $4,228.40. FG Nexus has initiated a strategy to accumulate Ethereum with the goal of acquiring a 10% stake in the Ethereum network. Since the mining of Ethereum's genesis block in 2015, the company has made several purchases, investing its entire $200 million private placement funding into acquiring ETH. FG Nexus plans to enhance returns by staking ETH and aims to promote the global adoption of ETH as a fiscal reserve asset.
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