BlockBeats news, on August 11, Fundamental Global Inc (NASDAQ: FGNX, FGNXP) today announced the official launch of its acquisition of Ethereum (ETH), aiming to become one of the largest ETH reserve holding companies in the world.
As of August 10, 2025, at 6:30 PM Eastern Time, the company currently holds 47,331 ETH, with each ETH priced at $4,228.40 (Bloomberg data).
FG Nexus has used all of the net proceeds from the company's announced $200 million private placement to purchase ETH. FG Nexus aims to accelerate the accumulation of ETH holdings and improve ETH yield (per share of ETH). According to the company's ETH reserve holding strategy, ETH yield has become a key value creation metric for FG Nexus shareholders. To enhance ETH yield, the company will engage in staking and restaking as a strategic entry point into Ethereum-driven finance (including tokenized real-world assets and stablecoin yields).
