Ethereum (ETH) is rapidly emerging as the preferred digital asset for institutional investors, with FG Nexus leading the charge. On August 11, the investment firm — formerly known as Fundamental Global — disclosed that it has acquired 47,331 ETH, valued at approximately $200 million, as part of an aggressive accumulation strategy.
The purchase, funded through a $200 million private placement, marks a significant milestone in the growing trend of corporate Ethereum adoption. FG Nexus has set its sights on a bold goal: to secure a 10% stake in the entire ETH supply.
“Ethereum is rapidly becoming the foundation of global digital finance. We plan to continue to promote the global adoption of ETH as a treasury reserve asset,” said Maja Vujinovic, CEO of Digital Assets at FG Nexus. “We plan to become a significant player in the Ethereum network with a goal of a 10% stake in ETH.”
Staking and DeFi Strategy
To maximize returns on its holdings, FG Nexus plans to participate in ETH staking and restaking, generating yield while contributing to the network’s security. The firm will also explore opportunities within Ethereum’s decentralized finance (DeFi) ecosystem, including tokenized real-world assets (RWAs) and stablecoin yield strategies.
Kyle Cerminara, CEO and Chairman of FG Nexus, emphasized the company’s long-term vision:
“FG Nexus aims to differentiate through not only our unwavering focus on accumulating ETH, but also by driving ETH yield and leveraging our team’s collective experience and know-how in Digital Assets and the Financial Services Industry.”
A Symbolic Beginning
The firm’s accumulation strategy began on July 30 — exactly a decade after Ethereum’s genesis block was minted. The initial purchase of 6,400 ETH was symbolic, setting the tone for what FG Nexus hopes will be one of the largest corporate Ethereum reserves in the world.
To ensure the security and effective management of its assets, FG Nexus has partnered with Anchorage Digital for crypto custody and Galaxy for asset management.
With Ethereum increasingly seen as a foundational layer for the future of global finance, FG Nexus’s ambitious acquisition strategy signals a new wave of institutional participation — one that could push ETH into the next phase of mainstream adoption.
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