According to BlockBeats, FG Nexus, a publicly traded company on the U.S. stock market, has announced an increase in its Ethereum holdings by 1,087 ETH. As of September 18, the company's total Ethereum holdings have reached 49,715 ETH, valued at approximately $229 million based on the current price of $4,598 per ETH.
FG Nexus CEO Maja emphasized that Ethereum is the preferred programmable asset for institutional reserves. The company is executing a strategy to become a leading corporate holder of Ethereum. FG Nexus plans to enhance its Ethereum returns through staking and re-staking methods and will further explore Ethereum-driven financial solutions.
