FG Nexus, the Digital Assets Arm of Fundamental Global Inc., has acquired 47,331 ETH worth approx. $ 200 million for $ 4,228.40 per Token as part of an aggressive strategy to become one of the world’s largest business owners of Ether.
The Charlotte, North Carolina-based company, which was formally started its accumulation plan on July 30 with a symbolic 6,400 ETH purchase, marking the 10-year anniversary of Ethereum’s Genesis block, and has since quickly expanded its stocks through a number of acquisitions.
Alongside its purchase, the company announced a FGNX share card from FGF.
X account Lookonchain noted that a device had aggressively acquired ETH in the last few days with a last purchase of $ 194 million Monday.
The company has implemented all net proceeds from its recent private rankings of $ 200 million to ETH purchases, with the central value creation of shareholders defined as “ETH yield”, which means ETH generated per year. Stock.
The move comes when ETH summoned $ 4,310 Monday, when it sets up to challenge its record height, it has increased by 47% over the past month.
FG Nexus plans to improve this yield through effort and restoration, placement of itself as a gateway in Ethereum-driven funding, including tokenized assets in the real world (Rwas) And stableecoin provides opportunities.
“We plan to become a significant player in the Ethereum network with a goal of a 10% share in ETH.” CEO and President Kyle Cerminara said in a press release.
The company’s ETH holdings are held in safe custody with Anchorage Digital, which also facilitates trouble -free trade.
Anchorage Digital’s co -founder and CEO Nathan McCauley praised the move and called the strategy a “bold, long -term effort” on ETH as the backbone of tomorrow’s financial system.
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