Ethereum News Today: FG Nexus Aims to Own 10% of Ethereum’s Network as Corporate Gold Rush Accelerates

FG Nexus Inc., formerly known as Fundamental Global Inc., has completed a significant corporate restructuring that includes amending its articles of incorporation and increasing its authorized shares. The rebranding to FG Nexus Inc., declared effective by the Nevada Secretary of State on September 5, 2025, aligns with the company’s strategy to become the largest corporate holder of Ethereum (ETH) in the world. As part of the restructuring, the company increased its authorized common shares from 4 million to 1 billion and expanded its preferred shares from 100 million to 500 million. The Series A 8% cumulative preferred stock was also increased from 1 million to 15 million shares. Additionally, the conversion of automatic exercise pre-funded warrants into common shares immediately increased the company’s outstanding common shares from 1.3 million to 35.4 million [1].

The company’s focus on Ethereum has intensified, with plans to stake and restake its ETH holdings to enhance yield and serve as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield. CEO Kyle Cerminara emphasized that this restructuring marks a pivotal milestone in FG Nexus’s evolution, highlighting the company's commitment to becoming the largest corporate holder of ETH by an order of magnitude [2]. The increased share authorizations provide FG Nexus with the flexibility needed to pursue its goals, while the immediate conversion of warrants significantly alters the capital structure and dilutes existing shareholders [3].

The decision to expand the share count and rebrand reflects broader trends in the corporate adoption of Ethereum. According to recent market analysis, corporate ETH treasuries have become a defining strategy for public companies, with companies not only holding but actively staking and restaking to generate on-chain income. FG Nexus now ranks among the 7 largest Ether treasury companies, holding 47,331 ETH as of August 10, 2025 [4]. This strategy aligns with companies like BitMine and SharpLink, which have demonstrated similar approaches to building and managing large Ethereum reserves. The shift to Ethereum treasuries is driven by the asset’s potential to provide both capital appreciation and recurring yield through staking, making it an attractive alternative to traditional treasury reserves.

Analysts suggest that corporate ETH holdings are influencing both market dynamics and the Ethereum ecosystem. By reducing circulating supply and locking ETH in staking, these large holders contribute to price stability and network security. Moreover, the transparency provided by weekly updates from companies like SharpLink builds investor trust and highlights the institutional confidence in Ethereum’s long-term value [5]. For investors, the trend offers exposure to Ethereum through equities, although risks such as market volatility, regulatory uncertainty, and operational challenges remain significant considerations.

FG Nexus’s forward-looking statements reflect the company’s ambitious goals, including a targeted 10% stake in the Ethereum network and the continued expansion of its holdings. The company’s management emphasizes the need to navigate potential risks, including fluctuations in ETH prices, regulatory changes, and cybersecurity threats [6]. Despite these challenges, FG Nexus remains focused on its objective, leveraging its corporate structure and capital flexibility to position itself as a key player in the growing Ethereum ecosystem. The company has also engaged in strategic partnerships, such as Maja Vujinovic’s participation in an Anchorage Digital livestream, to promote institutional adoption and awareness of Ethereum’s value as a reserve asset [7].

Source:

[1] Fundamental Global Inc. Amends its Charter with the State of Nevada (https://www.globenewswire.com/news-release/2025/09/05/3145487/0/en/fundamental-global-inc-amends-its-charter-with-the-state-of-nevada.html)

[2] FG Nexus Inc. Completes Major Changes to Corporate Structure (https://investorshangout.com/fg-nexus-inc-completes-major-changes-to-corporate-structure-384249-/)

[3] FG Nexus Inc. Announces Name Change, Increased Authorized Shares (https://www.quiverquant.com/news/FG+Nexus+Inc.+Announces+Name+Change%2C+Increased+Authorized+Shares%2C+and+Conversion+of+Warrants+to+Common+Stock)

[4] 7 Largest Ether Treasury Companies Right Now Ranked by Holdings (https://cointelegraph.com/news/7-largest-ether-treasury-companies-by-holdings)

[7] FG Nexus CEO Maja Vujinovic to Discuss Institutional ETH Adoption on Anchorage Digital Livestream (https://www.quiverquant.com/news/FG+Nexus+CEO+Maja+Vujinovic+to+Discuss+Institutional+ETH+Adoption+on+Anchorage+Digital+Livestream)