FG Nexus Raises $200M to Accelerate Ethereum Treasury Strategy, Renames Itself and Appoints New Leadership

Fundamental Global Inc. has closed a $200 million private placement, renaming itself FG Nexus Inc. The funds will be used to accelerate its Ethereum treasury strategy, with a target of holding a 10% stake in the Ethereum Network. The company has also appointed Maja Vujinovic, an early blockchain pioneer, to lead its digital asset business. Strategic and financial investors such as Galaxy Digital, Kraken, and Digital Currency Group participated in the offering.