FG Nexus dey file $5B shelf for Ethereum Treasury, get 10% stake
FG Nexus (wey before na Fundamental Global) don file $5 billion shelf registration wit di US SEC to build ethereum treasury and to get 10% network stake. Di registration get up to $4 billion for at-the-market equity offerings through ThinkEquity and space for preferred shares or debt after dem do $200 million private placement for July. Di Nasdaq-listed company go rename to FG Nexus and change di ticker from FGNX to FGNXP to show say dem don turn to pure-play Ethereum investment company. Di ETH wey people deposit go dey staked to earn network rewards, wey combine storage of value with income generation. CEO Kyle Cerminara talk how di framework dey flexible to take capital quick quick, while head of Digital Assets Maja Vujinovic talk how institutional adoption dey fast and di main value drivers be ETH price appreciation, staking yield, and tokenized real-world assets. Dis move na similar to MicroStrategy Bitcoin treasury strategy and e show say corporate Ethereum treasury trend dey grow.
Bullish
FG Nexus plan wey dem get to put up to $5 billion for Ethereum treasury and hold 10% network stake go fit boost demand for ETH well well. Dem at-the-market equity offerings fit cause short-term supply wahala, but the long-term capital wey dem dey put for ETH accumulation and staking incentives talk say buying support go still dey strong. E resemble MicroStrategy Bitcoin strategy show how corporate treasury moves fit make asset price rise, plus the rebranding and ticker change dey boost institutional commitment. Overall, na better impact for ETH price both short and long term dem expect.