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Fundamental Global- FG Nexus’s New Era in DeFi and Finance
Fundamental Global– On Ethereum’s 10th birthday, July 30, North Carolina-based Fundamental Global announced a game-changing strategy: adopting Ethereum (ETH) as its primary treasury reserve asset. This bold pivot signals the company’s full embrace of the booming trend where corporations hold ETH to fuel long-term growth.
$200 Million Private Placement Fuels Ethereum Acquisition
To back this strategic move, Fundamental Global launched a $200 million private placement, issuing 40 million common stock warrants priced at $5 each. The raised funds will directly purchase ETH and implement a comprehensive treasury management plan, including staking and yield farming across Ethereum’s decentralized finance (DeFi) ecosystem.
Major crypto players like Galaxy Digital and Kraken are onboard, supporting the transition. Galaxy Digital will lead treasury management and yield optimization, while Kraken handles staking and on-chain operations.
Rebranding to FG Nexus: Bridging Traditional Finance and DeFi
As part of the transformation, Fundamental Global will rebrand as FG Nexus, trading under new tickers FGNX and FGNXP. This change reflects a commitment to merge traditional finance with Ethereum’s programmable ecosystem, offering shareholders exposure not only to ETH price gains but also to its broader utility in digital assets, stablecoins, and tokenized real-world assets.
Market Reacts: Early Optimism Meets Caution
Investors initially pushed FG shares up 76.66% to $38 pre-market, celebrating the bold move. However, shares closed down 13.7% at $18.57 amid concerns about the company’s financial health and the scale of its transition.
Ethereum Treasury Trend Grows
FG Nexus joins a growing list of firms, including BitMine Immersion Technologies and SharpLink Gaming, turning to Ethereum as a core treasury asset—signaling a shift toward DeFi and crypto integration in corporate finance.
