8-8-2025 – FG Nexus Inc., formerly Fundamental Global Inc., announced plans to raise $5 billion primarily for Ethereum acquisitions as part of a major treasury restructuring that mirrors corporate crypto strategies pioneered by Tesla and MicroStrategy.
The company, led by CEO Kyle Cerminara, aims to position Ethereum as its primary reserve asset through direct purchases funded by ongoing securities offerings and a recently completed $200 million private placement. “Today marks the beginning of FG Nexus’s mission to unlock Ethereum’s full potential as the ultimate reserve asset,” Cerminara stated in the announcement.
Market reaction proved swift and decisive, with FG Nexus shares surging over 50% following the disclosure. The treasury strategy, overseen by leadership including asset management veteran Maja Vujinovic, represents one of the largest planned corporate Ethereum accumulations to date.
The move comes as institutional adoption of cryptocurrency treasury reserves gains momentum across corporate America. FG Nexus’s substantial commitment could drive significant demand pressure on Ethereum markets while potentially spurring additional staking activities that benefit the broader blockchain ecosystem.
Regulatory considerations remain under SEC oversight given the scale of the proposed offerings, while governance and community responses within Ethereum’s ecosystem are expected to mirror reactions seen during previous major institutional entries into Bitcoin and other digital assets.
