FG Nexus — the digital assets arm of Fundamental Global — has bought 47,331 ETH worth about $200M at an average price of $4,228.40 per token. The firm’s goal: become one of the largest corporate holders of Ethereum, targeting a 10% stake in the network.
💡 Strategy:
Funded by a recent $200M private placement
Focus on ETH Yield via staking, restaking, and Ethereum-based finance (RWAs, stablecoin yields)
Holdings secured in custody by Anchorage Digital
📈 Market Context:
Purchase comes as ETH trades around $4,310, up 47% in the past month, and nearing all-time highs.
🗣 CEO Insight:
Kyle Cerminara calls it a “significant long-term bet” on Ethereum’s role in the future financial system.
#Ethereum #ETH #InstitutionalCrypto #CryptoNews #ETHStake
$ETH
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and carry risks. Always DYOR before investing.
