FG Nexus invested $200 million to acquire 47,331 ETH, laying out enterprise-level Ethereum reserve assets.

robot
Abstract generation in progress

[Chain News] On August 11, it was reported that Fundamental Global Inc (FG Nexus, Nasdaq code: FGNX, FGNXP) has accumulated 47,331 ETH, currently priced at $4,228.40 each. The company has used all of its $200 million from the private sale to purchase ETH and plans to enhance ETH Yield through staking and re-staking, becoming one of the largest enterprise-level ETH holders globally. FG Nexus will promote the global adoption of ETH as a corporate reserve asset through partnerships with a certain platform and a certain trading platform, and accelerate the layout of tokenization of physical assets and stablecoin yield businesses within the Ethereum ecosystem.

ETH-3.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GasGuzzlervip
· 08-14 13:55
You dare to All in on eth?
View OriginalReply0
GateUser-1a2ed0b9vip
· 08-14 01:38
make money enter a position speed
View OriginalReply0
SnapshotLaborervip
· 08-11 14:22
I put a lot of money into ETH.
View OriginalReply0
SurvivorshipBiasvip
· 08-11 14:18
Tsk tsk, being rich is really nice.
View OriginalReply0
consensus_failurevip
· 08-11 14:18
Just know to hoard ETH
View OriginalReply0
NullWhisperervip
· 08-11 14:07
hmm... interesting vector for eth custody risks tbh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)