GLOBAL FUNDAMENT (FGF) that is quoted in Nasdaq is changing to FG Nexus and entering the digital asset space with a private location of $ 200 million to launch a treasure strategy based on Ether, said the company in a press release on Wednesday
The offer, composed of 40 million prefinanced orders with a price of $ 5, was backed by a list of high -profile strategic investors, including Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Monine Group and Kenetic, the company said.
Galaxy will serve as a strategic advisor, managing the treasury and rethinking infrastructure, while Kraken will support the rethinking operations.
The company plans to use income to accumulate ETHER (ETH) as its main reserve asset, generating rethinking rewards and allowing exposure to real world assets token.
FG Nexus is among the growing list of institutional players who bet on Ethereum as the future settlement layer. Other public companies such as Sharplink Gaming (SBET), Bitmine Immersion (BMNR) and BIT Digital (BTBT) have recently announced Ether Treasury Strategies.
The leadership of FG Nexus includes Joe Moglia, former CEO of TD ameritrade and fundamental global co -founder, who joins as an executive advisor. The digital asset strategy will be directed by the early blockchain pioneer Maja Vujinovic.
The new FGNX and FGNXP Ticker symbols are expected to be activated after the closure of the offer around August 1 or around August 1.
The Mining Hardware Manufacturer based in Singapore Canaan (CAN) also announced a new treasure strategy that Bitcoin {BTC} designated as its main long -term reserve asset, the company said Wednesday.
While Bitcoin will continue to be the centerpiece, Canaan’s policy allows the occasional acquisition of other cryptographic assets, including Ether and genius act -compares stables of US dollars.
Bitcoin accumulated through normal commercial activities, including self -mining and the sale of mining equipment, will be conserved in the long term, said the company that is in Nasdaq.
Read more: Ether Treasury Companies to finally have 10% of the offer: Standard Chartered
