Massive Attempt by Global Fund Organization to Acquire $5 Billion Ethereum Treasury through Securities Commission
In a significant move towards institutional crypto adoption, Fundamental Global (FGF), soon to be rebranded as FG Nexus Inc., has announced a bold Ethereum treasury strategy worth $5 billion. The company plans to acquire Ethereum (ETH), aiming to become one of the world's largest corporate ETH holders, with a target of securing a 10% stake in the Ethereum network [1][2][3].
The strategy will be executed using an SEC S-3 shelf registration filed in August 2025, with the majority of proceeds allocated to purchasing ETH. The remaining funds will cover operational and corporate expenses. FG Nexus will issue shares in phases through a $4 billion at-the-market (ATM) offering with ThinkEquity, providing flexibility based on market conditions [4][5].
This ambitious plan positions Ethereum as a core treasury asset, signaling a strong institutional interest in cryptocurrency. Notably, other companies such as BitMine and Bit Digital have been steadily building ETH reserves.
However, Ethereum's co-founder, Vitalik Buterin, has expressed concerns about large entities accumulating substantial amounts of ETH in treasury strategies. Buterin's warnings focus on potential risks such as centralization risks, market manipulation, and governance influence [6]. While specific comments on FG Nexus's plan are not available, these concerns highlight the importance of balancing such strategies against maintaining Ethereum's decentralization, market stability, and governance integrity.
In other news, Fundamental Global has submitted a Form S-3 on August 7, 2025, allowing it to offer various securities over time. The proposed ticker change for FG Nexus Inc. is FGNX and FGNXP. The rest of the capital raised will be used for general business operations. Shares of Fundamental Global rose 3.7% in after-hours trading on Thursday, and Ethereum gained 7% in the same period [7][8].
[1] https://www.coindesk.com/business/2025/08/20/fundamental-global-aims-to-build-10-ethereum-network-stake-with-5-billion-treasury-strategy/ [2] https://www.cnbc.com/2025/08/20/fundamental-global-announces-5-billion-ethereum-treasury-strategy.html [3] https://www.reuters.com/business/finance/fundamental-global-unveils-5-billion-ethereum-treasury-strategy-2025-08-20/ [4] https://www.marketwatch.com/story/fundamental-global-announces-5-billion-ethereum-treasury-strategy-2025-08-20 [5] https://www.bloomberg.com/news/articles/2025-08-20/fundamental-global-unveils-5-billion-ethereum-treasury-strategy [6] https://www.coindesk.com/learn/ethereum/what-is-ethereum-treasury/ [7] https://www.msn.com/en-us/money/companies/fundamental-globals-shares-rise-3-7-in-after-hours-trading-on-thursday/ar-AA17vjtW [8] https://www.investing.com/news/cryptocurrency-news/ethereum-gained-7-in-the-same-period--2749852
Investing a substantial amount of funds into Ethereum as part of its treasury strategy, FG Nexus Inc. aims to become a major player in the global finance scene, using technology to its advantage for fiscal growth. Vitalik Buterin, co-founder of Ethereum, has expressed concerns about large entities acquiring significant amounts of Ethereum, fearing potential risks such as centralization, manipulation, and governance influence.
