Ethereum News Today: FG Nexus Buys $200M in Ether to Secure 10% Network Stake

FG Nexus, the digital assets division of Fundamental Global Inc., has purchased 47,331 ETH valued at approximately $200 million, with each token priced at $4,228.40, as part of an ambitious strategy to become one of the largest corporate ether holders in the world [1]. The firm, based in Charlotte, North Carolina, announced its ETH accumulation plan on July 30, marking the 10-year anniversary of Ethereum’s genesis block with an initial purchase of 6,400 ETH [1]. Since then, it has significantly increased its holdings through a series of transactions.

The company has allocated all proceeds from a recent $200 million private placement to purchase ether, with a primary focus on generating value for shareholders through “ETH Yield”—a metric defined as the amount of ether generated per share [1]. This includes staking and restaking strategies, as well as participation in Ethereum-based financial ecosystems such as tokenized real-world assets and stablecoin yield opportunities.

FG Nexus aims to secure a 10% stake in the Ethereum network, a target outlined by CEO and Chairman Kyle Cerminara in a press release [1]. The company’s ether holdings are safeguarded through Anchorage Digital, a custodial service that also facilitates its trading activities. Anchorage Digital’s co-founder and CEO, Nathan McCauley, described the initiative as a “bold, long-term bet” on ether’s foundational role in the future of finance [1].

The firm recently updated its stock ticker from FGF to FGNX, signaling its strategic pivot toward digital assets [1]. According to X account Lookonchain, a large ETH-buying entity has been active in the market in recent days, with the final purchase amounting to $194 million on Monday [1]. This surge in demand coincides with a broader market rally, as ether’s price climbed to $4,310 on Monday, having surged 47% over the past month [1].

The move highlights a growing trend among institutional investors to accumulate ether not only for speculative gains but also for yield generation through staking and decentralized finance (DeFi) integration. FG Nexus’s strategy aligns with Ethereum’s broader evolution toward a more robust and economically sustainable network, particularly post-merge.

Source: [1] FG Nexus Buys $200M in Ether in Bid for 10% Network Stake (https://www.coindesk.com/business/2025/08/11/fg-nexus-buys-usd200m-in-ethereum-in-bid-for-10-network-stake)