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