FG Nexus (Nasdaq: FGNX) Raises ETH Holdings to 50,770 ETH (~$207M), Pursues World’s Largest Corporate ETH Position via Staking
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FG Nexus (Nasdaq: FGNX) disclosed an increase in its ETH holdings to 50,770 ETH, valued at approximately $207 million as of September 29, according to company statements. The update highlights a deliberate expansion of the firm’s crypto exposure within its corporate treasury.
The company added 747 ETH at an average purchase price of $4,016, which moved the portfolio’s average cost basis to about $3,860 per coin. Management characterized the transaction as part of a measured position-sizing and dollar-cost averaging approach.
FG Nexus confirmed it will pursue enhanced yield through staking and restaking activities while emphasizing disciplined risk controls, and reiterated its objective to become the world’s largest corporate ETH holder.