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Fundamental Global completed a $200 million private sale, accelerating its Ethereum reserve strategy.
[Fundamental Global Completes $200 Million Private Sale to Accelerate Ethereum Reserve Strategy] Fundamental Global (NASDAQ: FGF) today announced the completion of a $200 million private sale financing and will be renamed FG Nexus. This financing issues 40 million prepaid common stock warrants at a price of $5 per warrant, with support from institutional investors such as Galaxy Digital. The company plans to use the raised funds to establish Ethereum reserves, aiming to acquire 10% of the equity in the Ethereum network. At the same time, the company will participate in network operations through staking and explore tokenized asset business.