Nasdaq-listed Fundamental Global announces ETH treasury as it rebrands to FG Nexus
The post Nasdaq-listed Fundamental Global announces ETH treasury as it rebrands to FG Nexus appeared on BitcoinEthereumNews.com. Nasdaq-listed Fundamental Global is rebranding as FG Nexus as it embraces Ethereum as its core treasury asset. Summary Fundamental Global has launched a $200 million private placement to fund ETH purchases. The company aims to generate staking rewards and gain exposure to tokenized real-world assets. Shares initially surged in premarket but closed the day down 13.7%. On July 30, which was also Ethereum’s 10th anniversary, the North Carolina-based firm announced a sweeping strategic shift aimed at aligning itself with the growing trend of corporate adoption of digital assets, particularly Ether (ETH). Fundamental Global has outlined its intention to adopt Ethereum as its primary treasury reserve asset. To support this move, the company launched a $200 million private placement through the issuance of 40 million prefunded common stock warrants priced at $5 each. Once completed, the proceeds will be used to purchase ETH and implement a comprehensive treasury management strategy that includes staking and yield-generating opportunities across Ethereum’s decentralized financial ecosystem. Among the firms backing FG Nexus’s Ethereum pivot are Galaxy Digital and Kraken, not only as investors, but also as key infrastructure partners. Galaxy will oversee treasury management and yield execution, while Kraken will handle staking operations and on-chain support. Other participants in the private placement include Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic. Rebranding to FG Nexus As part of the latest treasury pivot, Fundamental Global will rebrand itself as FG Nexus, a move the company says reflects its new strategic orientation toward Ethereum and decentralized finance. The company will also begin trading under updated ticker symbols FGNX and FGNXP. The rebranding is not merely cosmetic. According to a statement shared by the company, FG Nexus intends to operate as a vehicle that bridges traditional financial infrastructure with Ethereum’s ecosystem. Its stated objective is to provide shareholders…
The post Nasdaq-listed Fundamental Global announces ETH treasury as it rebrands to FG Nexus appeared on BitcoinEthereumNews.com.
Nasdaq-listed Fundamental Global is rebranding as FG Nexus as it embraces Ethereum as its core treasury asset. Summary Fundamental Global has launched a $200 million private placement to fund ETH purchases. The company aims to generate staking rewards and gain exposure to tokenized real-world assets. Shares initially surged in premarket but closed the day down 13.7%. On July 30, which was also Ethereum’s 10th anniversary, the North Carolina-based firm announced a sweeping strategic shift aimed at aligning itself with the growing trend of corporate adoption of digital assets, particularly Ether (ETH). Fundamental Global has outlined its intention to adopt Ethereum as its primary treasury reserve asset. To support this move, the company launched a $200 million private placement through the issuance of 40 million prefunded common stock warrants priced at $5 each. Once completed, the proceeds will be used to purchase ETH and implement a comprehensive treasury management strategy that includes staking and yield-generating opportunities across Ethereum’s decentralized financial ecosystem. Among the firms backing FG Nexus’s Ethereum pivot are Galaxy Digital and Kraken, not only as investors, but also as key infrastructure partners. Galaxy will oversee treasury management and yield execution, while Kraken will handle staking operations and on-chain support. Other participants in the private placement include Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic. Rebranding to FG Nexus As part of the latest treasury pivot, Fundamental Global will rebrand itself as FG Nexus, a move the company says reflects its new strategic orientation toward Ethereum and decentralized finance. The company will also begin trading under updated ticker symbols FGNX and FGNXP. The rebranding is not merely cosmetic. According to a statement shared by the company, FG Nexus intends to operate as a vehicle that bridges traditional financial infrastructure with Ethereum’s ecosystem. Its stated objective is to provide shareholders…
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