FG Nexus has raised $200,000,000 to buy ETH.
Fundamental Global rebranded as FG Nexus and launched a strategy to accumulate ETH as its primary reserve asset.
- Raised: $200,000,000 via private placement (40 million warrants at $5 each).
- Investors: GalaxyDigital, Kraken, Hivemind, Syncracy, DCG, and others.
- Goal: Earn income from ETH staking and use the asset to enter the tokenized RWA market.
Management:
- Galaxy handles treasury and staking.
- Kraken supports staking infrastructure.
- Strategy led by blockchain pioneer Maya Vujinovic.
- Advisor: Former TD Ameritrade CEO Joe Moglia.
👉 Important for adoption: $200M ETH reserve commitment signals institutional conviction, mirroring spot-ETF demand logic—watch SEC's July 31 SOL ETF decision for next big liquidity catalyst.
