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

FG Nexus, the digital assets division of Fundamental Global Inc., has announced the purchase of 47,331 ether (ETH) valued at $200 million, marking a significant step in its strategy to build a 10% stake in the Ethereum network [1]. The acquisition, executed at an average price of $4,228.40 per token, represents a long-term commitment to Ethereum and positions FG Nexus among the largest corporate holders of the asset [2]. The company emphasized that all net proceeds from a recent $200 million private placement were allocated to ether purchases, with plans to leverage staking and restaking mechanisms to generate ETH yield for shareholders [3].

The accumulation began on July 30, 2025, on the 10th anniversary of Ethereum’s genesis block, with an initial purchase of 6,400 ETH [4]. Whale Insider confirmed the ongoing purchases through an X post on August 11, highlighting FG Nexus’s rapid accumulation of 47,331 ETH. The company has stated that “ETH Yield” will be its primary performance metric, driven by returns from its Ethereum holdings through staking activities [5].

To support its growing ETH reserves, FG Nexus has partnered with Anchorage Digital for secure custody and Galaxy for asset management. Anchorage Digital’s CEO, Nathan McCauley, highlighted the partnership’s ability to combine secure storage with trading capabilities [6]. Galaxy’s Global Head of Asset Management, Steve Kurz, added that the collaboration is designed to provide structured ETH exposure for investors, reinforcing the firm’s institutional-grade approach to digital asset management [7].

Effective August 11, 2025, FG Nexus’s common stock is trading on NASDAQ under the symbol FGNX, replacing FGF, with its Series A Preferred Shares listed under FGNXP. The company also announced plans to formally change its corporate name to FG Nexus [8].

Looking ahead, FG Nexus has filed a $5 billion shelf registration, a move that positions it among the largest in the ETH treasury sector. The capital will be used to further expand its ether holdings and advance its goal of securing a 10% network stake [9]. In addition to staking and yield generation, the company is exploring Ethereum-powered financial activities, including tokenized real-world assets and stablecoin yield opportunities, as part of its broader strategy to increase ETH holdings and generate additional value [10].

FG Nexus’s move reflects a broader trend of institutional interest in Ethereum as a strategic reserve asset. As the protocol continues to evolve with innovations in DeFi, staking, and tokenization, more firms are viewing ether not just as a speculative investment but as a foundational component of digital finance [11].

Source:

[1] https://www.ainvest.com/news/ethereum-news-today-fg-nexus-buys-200m-ether-secure-10-network-stake-2508/

[2] https://seekingalpha.com/news/4483330-fundamental-global-gains-as-co-eyes-10-ethereum-stake-now-holds-47331-eth

[3] https://crypto.news/corporate-ethereum-accumulation-heats-up-as-fg-nexus-reveals-200m-holdings/

[4] https://coincentral.com/fundamental-global-inc-fgf-stock-eth-ambitions-ignite-amid-ticker-change-to-fgnx/

[6] https://cryptonewsland.com/fg-nexus-purchases-200m-in-ether-targets-10/

[11] https://www.coindesk.com/business/2025/08/12/stripe-building-payments-blockchain-tempo-with-paradigm-fortune