Ethereum News Today: FG Nexus Aims for 10% Ethereum Network Stake in Bold Treasury Play

FG Nexus Inc., formerly Fundamental Global Inc., has increased its share volume and implemented a corporate rebranding as part of its strategy to become the largest corporate holder of Ethereum (ETH) globally. The company filed a Certificate of Amendment to its articles of incorporation with the Nevada Secretary of State, which was declared effective on Sept. 5, 2025. This action renamed the company from Fundamental Global Inc. to FG Nexus Inc., increased its authorized shares across all classes, and triggered the conversion of automatic exercise pre-funded warrants into common shares. The common shares outstanding rose from 1.3 million to 35.4 million, while preferred stock authorization increased from 100 million to 500 million shares [1]. The expansion of authorized shares is a strategic move that provides the company with significant flexibility for future equity financing, likely to support its ETH acquisition plans [3].

FG Nexus has positioned itself as a key player in the Ethereum ecosystem, aiming to leverage the cryptocurrency's unique properties. The company plans to stake and restake its ETH holdings to generate yield and serve as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield. Kyle Cerminara, CEO of FG Nexus, emphasized that the rebranding and corporate restructuring mark a pivotal milestone in the company's journey toward becoming the largest corporate holder of ETH in the world [1]. This strategy aligns with broader trends among public companies that are increasingly adopting Ethereum as a primary reserve asset, with notable examples such as BitMine Immersion and SharpLink Gaming already accumulating large ETH positions [5].

The company’s recent moves are part of a larger trend among corporations to diversify their treasury reserves into digital assets. As of mid-2025, over 30 public companies hold Ethereum on their balance sheets, with total holdings exceeding 4.8 million ETH [5]. These entities are not merely buying and holding the asset but are actively staking and restaking it to generate on-chain yield. This approach is transforming traditional balance sheet management and contributing to Ethereum’s network security and decentralization. For example, Coinbase (COIN) has clearly separated its ETH holdings into operational and investment categories in its SEC filings, while Bit Digital (BTBT) has combined validator operations with treasury accumulation to compound reserves [5].

FG Nexus currently holds 47,331 ETH as of Aug. 10, 2025, and plans to continue expanding its holdings to achieve a 10% stake in the Ethereum network [4]. This ambitious target underscores the company's long-term commitment to Ethereum and its belief in the cryptocurrency's potential as a store of value and a foundational asset for the future of finance. However, this strategy also exposes FG Nexus to market and regulatory risks. The volatile nature of cryptocurrency markets can lead to significant swings in the value of its holdings, and evolving regulations may impact how these assets are reported and taxed [5]. Furthermore, as a newcomer to the corporate ETH treasury space, FG Nexus must compete with well-established players like BitMine and Coinbase, which already have substantial ETH reserves and well-defined staking strategies [5].

FG Nexus’s corporate strategy is also reflected in its leadership and public engagement. Maja Vujinovic, CEO of Digital Assets, recently participated in a livestream hosted by Anchorage Digital to discuss the institutional adoption of Ethereum treasuries. Vujinovic emphasized that Ethereum is not only the foundation of capital markets but also the most productive reserve asset for global companies. The company’s aggressive accumulation and staking strategy aims to enhance its ETH yield and expand its influence in the Ethereum ecosystem [4]. These efforts are supported by a disciplined and long-term approach to capital markets and institutional custody, positioning FG Nexus as a bridge between Ethereum and traditional finance [2].

The company’s recent capital structure changes have raised concerns among some investors due to the significant dilution of existing shares. The increase in authorized common shares from 4 million to 1 billion represents a 25,000% expansion, which could create downward pressure on the stock price if investors anticipate future equity offerings. This dilution is a common strategy in the corporate treasury space, as companies need flexibility to fund large-scale asset acquisitions. However, it also means that existing shareholders will own a smaller stake in the company as more shares are issued [3]. Despite these concerns, FG Nexus continues to attract attention for its bold vision and strategic execution in the Ethereum space [5].

FG Nexus’s rebranding and capital expansion are part of a broader trend in the financial sector, where companies are redefining their balance sheets to include digital assets. This shift is not only a response to market dynamics but also a reflection of institutional confidence in Ethereum's long-term potential. As more companies adopt similar strategies, the demand for ETH is expected to grow, further tightening liquidity and reinforcing Ethereum’s role as a global monetary and settlement asset. For investors, this trend offers a regulated and transparent way to gain exposure to Ethereum through equities, though it also introduces new risks related to market volatility, regulatory uncertainty, and operational complexity [5].

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] About - FG Nexus (https://fgnexus.io/about/)

[3] Fundamental Global Inc. Amends its Charter with the State (https://www.stocktitan.net/news/FGNX/fundamental-global-inc-amends-its-charter-with-the-state-of-ojao0umbu8ti.html)

[4] 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)

[5] 7 Largest Ether Treasury Companies Right Now Ranked by Holdings (https://cointelegraph.com/news/7-largest-ether-treasury-companies-by-holdings)