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Fundamental Global Rebrands to FG Nexus, Adds Ethereum to Treasury
On July 30, 2025, Nasdaq-listed Fundamental Global announced that it would change its name to FG Nexus, as a big step into the digital asset arena. The company obtained $200 million through a private placement to make Ethereum (ETH) its main treasury reserve asset. This decision is in line with the growing trend of companies using cryptocurrencies. This move, which happened on Ethereum’s 10th birthday, shows how FG Nexus wants to connect traditional banking with decentralized finance (DeFi). FG Nexus got $200 million by selling 40 million prefunded common stock warrants for $5 a piece. Galaxy Digital, Kraken, ... (full story)
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