Fundamental Global Secures $200M War Chest for Bold Ethereum Treasury Play
Wall Street meets Web3 as Fundamental Global pulls off a $200 million coup—betting big on Ethereum as corporate treasury collateral. Because nothing says 'forward-thinking finance' like parking nine figures in volatile internet money.
The playbook: Institutional capital floods into ETH while traditional banks still debate whether crypto is 'a phase.' The fund's move signals a quiet revolution—one where blue-chip finance treats Ethereum like digital gold 2.0.
Why it matters: $200 million isn't just diversification—it's a calculated assault on legacy treasury strategies. The message? Yield-starved institutions would rather dance with crypto's volatility than bleed out on 0.5% bonds.
One hedge fund manager quipped: 'At least when ETH crashes, you can blame the memes.'
Major Investors and Strategic Partnerships
In this funding round, strategic investors include Galaxy Digital, headed by CEO Mike Novogratz, who will guide treasury management and yield execution. Kraken is also collaborating closely with FG Nexus on staking and infrastructure. Other key players in this round are Digital Currency Group, Hivemind Capital, Syncracy Capital, and Kenetic.
FG Nexus is looking to tap into its know-how in merchant banking and reinsurance to bring Ethereum-based solutions into the financial landscape. The offering is expected to wrap up around August 1, 2025, pending the usual closing conditions.
Stock Reaction and Industry Context
Investor sentiment was mixed on the announcement. Shares surged 76.6% in premarket trading to $38.00. However, the stock closed 13.71% lower at $18.56 as concerns over the scale of the transition emerged, according to Google Finance data.
Despite the challenges, FG Nexus now joins a growing trend of companies that are embracing Ethereum as a treasury asset. There have been several recent significant purchases of ETH by companies like BitMine Immersion Technologies, SharpLink Gaming, and Ether Machine.
Also Read: Ether Machine Buys 15K ETH for $56.9M, Treasury Holdings Hit 334K
