Share this article
FG Nexus Debuts with $200M Raise and Ether Treasury Strategy on Ethereum's 10th Birthday
The company plans to use the proceeds of the raise to accumulate ether as its primary reserve asset.
Updated Jul 30, 2025, 2:41 p.m. Published Jul 30, 2025, 2:33 p.m.
What to know:
- Fundamental Global has rebranded to FG Nexus and is entering the digital asset space with a $200 million raise to launch an ether-based treasury strategy.
- The offering was backed by investors including Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital and Digital Currency Group.
- Mining hardware maker Canaan also announced a new treasury strategy that designated bitcoin as its primary long-term reserve asset.
Nasdaq-listed Fundamental Global (FGF) is rebranding to FG Nexus and entering the digital asset space with a $200 million private placement to launch an ether-based treasury strategy, the company said in a press release Wednesday
The offering, composed of 40 million prefunded warrants priced at $5, was backed by a slate of high-profile strategic investors, including Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic, the company said.
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
Galaxy will serve as a strategic advisor, managing treasury and staking infrastructure, while Kraken will support staking operations.
The company plans to use the proceeds to accumulate ether as its primary reserve asset, generating staking rewards and enabling exposure to tokenized real-world assets.
FG Nexus is among the growing list of institutional players betting on Ethereum as the settlement layer of the future. Other public companies such as SharpLink Gaming (SBET), BitMine Immersion (BMNR), and Bit Digital (BTBT) have all recently announced ether treasury strategies.
FG Nexus leadership includes Joe Moglia, former TD Ameritrade CEO and Fundamental Global co-founder, who joins as executive advisor. The digital asset strategy will be led by early blockchain pioneer Maja Vujinovic.
New ticker symbols FGNX and FGNXP are expected to go live following the closing of the offering on or around August 1.
Singapore-based mining hardware maker Canaan (CAN) also announced a new treasury strategy that designated bitcoin {BTC} as its primary long-term reserve asset, the company said on Wednesday.
While bitcoin will remain the centerpiece, Canaan’s policy allows for the occasional acquisition of other crypto assets, including ether and Genius Act–compliant U.S. dollar stablecoins.
Bitcoin accumulated through normal business activities, including self-mining and the sale of mining equipment, will be retained on a long-term basis, the Nasdaq-listed company said.
Read more: Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Ano ang dapat malaman:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
