FG Nexus Makes $200M Ether Power Grab—Aims to Control 10% of Ethereum Network
Wall Street meets Web3 in a move that’s either genius or greedy—depending on who’s holding the bag.
FG Nexus just dropped a cool $200 million on Ether, signaling plans to gobble up a 10% stake in Ethereum’s network. That’s not just a bet on crypto—it’s a hostile takeover of the future.
Why? Because controlling 10% of Ethereum’s staking power isn’t just influence—it’s a seat at the goddamn governance table. Validators with that kind of clout can sway protocol upgrades, fee structures, even which DeFi projects get priority. FG Nexus isn’t buying Ether—they’re buying a veto.
And let’s be real: this reeks of TradFi desperation. Hedge funds missed Bitcoin’s first act, so now they’re overpaying for front-row seats to Ethereum’s. The irony? They’ll probably lobby for regulations that crush the same decentralization they’re profiting from.
One thing’s certain—when suits start hoarding ETH, the smart money watches its back.
The MOVE comes as ETH rallied $4,310 on Monday as it sets up to challenge its record high, it has risen by 47% over the past month.
FG Nexus plans to enhance this yield through staking and restaking, positioning itself as a gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield opportunities.
“We plan to become a significant player in the ethereum network with a goal of a 10% stake in ETH.” CEO and Chairman Kyle Cerminara said in a press release.
The company’s ETH holdings are held in secure custody with Anchorage Digital, which also facilitates seamless trading.
Anchorage Digital’s co-founder and CEO Nathan McCauley praised the move, calling the strategy a “bold, long-term bet” on ETH as the backbone of tomorrow’s financial system.
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