Ethereum News Today: FG Nexus Raises $200 Million to Shift Treasury Strategy to Ethereum

FG Nexus, a Nasdaq-listed firm, has raised $200 million through a private placement to implement a comprehensive Ethereum treasury strategy. This capital will be used to acquire Ethereum as its primary reserve asset and launch staking operations, positioning the cryptocurrency at the core of its financial ecosystem. The move reflects a strategic pivot by the company toward blockchain-based assets and decentralized finance. The firm, formerly known as Fundamental Global (Nasdaq: FGF), has rebranded to FG Nexus Inc., with new stock tickers FGNX and FGNXP expected to begin trading soon. The private placement, priced at $5.00 per warrant for 40 million prefunded common stock warrants, is set to close by August 1, 2025. The company plans to deploy the raised capital to purchase Ethereum and support staking activities using both cash and cryptocurrency funding sources [1].

The Ethereum treasury strategy is supported by institutional partners Galaxy Digital and Kraken, both of whom play critical roles in managing and staking the firm’s Ethereum holdings. Galaxy Digital, led by Mike Novogratz, will oversee Ethereum management and provide advisory services on staking and asset execution. Kraken will facilitate staking operations and treasury management. Additional investors, including Syncracy Capital, Digital Currency Group, Hivemind Capital, and Kenetic, have contributed capital and operational expertise. This collaboration strengthens Ethereum’s adoption in public company treasury management and aligns FG Nexus with peers like Bit Digital and SharpLink Gaming [1].

FG Nexus has appointed a leadership team with extensive blockchain and crypto expertise to drive its digital asset expansion. Maja Vujinovic, CEO of Digital Assets, brings experience from GE and early involvement with Tether. Theodore Rosenthal, President of Digital Assets, has a background in family office investments and early crypto projects such as Aave and Maker. Jose Vargas, responsible for business development, has a proven track record with multiple company exits and blockchain investments. The leadership team is expected to guide FG Nexus in integrating Ethereum into its financial and operational framework [1].

The firm’s strategy leverages Ethereum’s growing role in decentralized finance (DeFi), stablecoin transactions, and tokenization. By adopting Ethereum as a core treasury asset, FG Nexus aims to generate yield through staking and support blockchain infrastructure. This move underscores the increasing acceptance of digital assets in traditional finance and highlights Ethereum’s potential as a strategic reserve asset for public companies [1].

FG Nexus’s initiative is a significant milestone for Nasdaq-listed firms embracing digital assets. With institutional backing and seasoned leadership, the company is well-positioned to benefit from Ethereum’s expanding role in the blockchain ecosystem. The successful capital raise and strategic partnerships indicate a growing confidence in Ethereum as a viable asset for long-term treasury management and yield generation [1].

Source: [1] FG Nexus Raises $200 Million to Potentially Establish Ethereum as Core Treasury Asset (https://en.coinotag.com/fg-nexus-raises-200-million-to-potentially-establish-ethereum-as-core-treasury-asset/)