US-listed FG Nexus (FGNX) expanded its reported ETH holdings by 1,087 ETH, bringing the company’s balance to 49,715 ETH as of September 18, according to COINOTAG. Using the cited price of $4,598 per ETH, the position is valued at roughly $229 million, highlighting a material allocation to Ethereum within the firm’s corporate reserves.

FG Nexus CEO Maja described Ethereum as the preferred programmable asset for institutional reserves and signaled a deliberate approach to grow the company’s standing as a corporate stakeholder. Management plans to enhance yield via staking and re-staking, while exploring Ethereum-driven financial solutions in line with sound treasury management and compliance considerations.