FG Nexus Becomes a Major Ethereum Holder with $200M Treasury Strategy
FG Nexus has emerged as a significant institutional player in the ethereum ecosystem, accumulating 47,331 ETH valued at over $200 million. The firm's strategic acquisition began on Ethereum's 10th anniversary, July 30, 2025, with an initial purchase mirroring the genesis block's 6,400 ETH output. This move underscores growing institutional confidence in Ethereum's long-term potential. The entire $200 million private placement proceeds were deployed into ETH acquisitions, highlighting a bullish stance on the cryptocurrency's future. As of August 15, 2025, this development signals strong institutional interest and could further bolster Ethereum's market position.
FG Nexus Emerges as Major Ethereum Holder with $200M Treasury Strategy
FG Nexus has positioned itself as a dominant institutional player in Ethereum, amassing 47,331 ETH worth over $200 million at current prices. The firm's accumulation strategy began symbolically on July 30, 2025—Ethereum's 10th anniversary—with an initial purchase mirroring the genesis block's 6,400 ETH output.
The entire $200 million private placement proceeds were deployed into ETH acquisitions, combining capital appreciation with yield generation through staking and restaking strategies. This dual approach allows FG Nexus to simultaneously bolster Ethereum's network security and capture returns from tokenized RWAs and stablecoin products.
Digital Assets CEO Maja Vujinovic emphasized Ethereum's growing role as foundational infrastructure for decentralized finance, with the firm now holding approximately 10% of circulating ETH supply. The treasury's staking operations contribute directly to network validation while creating a compounding yield mechanism.
Ethereum Transaction Volume Surges Amid Price Rally and Lower DeFi Costs
Ethereum's transaction volume is approaching its all-time high of 1.9 million daily transactions, last seen in January 2024. The surge reflects a combination of technical upgrades, bullish market sentiment, and renewed demand for on-chain activity.
Data from Etherscan shows daily transaction counts consistently rising, with seven-day averages already surpassing previous records. Analysts attribute this momentum to increased network capacity, higher ETH prices, and reduced transaction costs—particularly for DeFi protocols and stablecoin transfers.
A key driver is Ethereum's 50% gas limit increase since March, enabling more transactions per block. This upgrade has boosted throughput while lowering stablecoin transfer costs below $1, making DeFi more accessible.
SharpLink Gaming Secures $400M Direct Offering Amid Stock Volatility
SharpLink Gaming, Inc. (SBET) saw its shares swing dramatically, peaking NEAR $28 before retreating to $23.82 following the announcement of a $400 million registered direct offering. The capital injection, priced at $21.76 per share, involved five major institutional investors and is set to close by August 12, 2025.
The company's Ethereum reserves surged to nearly $3 billion, reflecting heightened institutional confidence in its crypto-backed strategy. A.G.P./Alliance Global Partners acted as sole placement agent, with Cantor providing financial advisory services.
Market reaction was bifurcated - initial euphoria gave way to profit-taking as traders weighed the dilutive effects against strengthened ETH holdings. The volatility underscores crypto-linked equities' sensitivity to capital market moves during periods of strategic repositioning.
Ethereum Whale '7 Siblings' Executes Strategic $17.2 Million Sell-Off Amid Market Rally
The Ethereum market faces heightened volatility as the whale group '7 Siblings' offloads $17.2 million worth of ETH following a $47 million transfer to a new wallet. The sale, executed within minutes, coincides with Ethereum trading at $4,297.90, marking a 1.72% daily gain. Blockchain tracker Arkham reported the move, noting the group's history of well-timed trades, including a $126 million ETH purchase during the February market downturn.
Separately, an early Ethereum ICO participant liquidated 2,300 ETH for $9.9 million. The wallet, initially holding 20,000 ETH acquired for $6,200, now boasts an $86 million valuation. Whale activity continues to shape market dynamics as Ethereum tests key resistance levels.
BitMine Immersion Technologies Becomes World's Largest Ethereum Holder with $4.96 Billion Treasury
BitMine Immersion Technologies (NYSE American: BMNR) has emerged as the dominant institutional holder of Ethereum, amassing 1,150,263 ETH worth $4.96 billion as of August 10. The company's aggressive accumulation strategy has propelled its holdings by $2 billion in just seven days, surpassing all other institutional ETH holders.
The firm's ETH treasury strategy, launched on June 30 and completed by July 8, has positioned it as the third-largest cryptocurrency treasury overall, trailing only MicroStrategy and Mara Blockchain in total crypto reserves. Chairman Thomas "Tom" Lee of Fundstrat revealed BitMine is pursuing control of 5% of Ethereum's total supply—a target he calls "the alchemy of 5%".
BitMine's rapid ascent has been fueled by heavyweight backers including ARK Invest's Cathie Wood, Pantera Capital, and Galaxy Digital. Their support has boosted the company's trading liquidity and net asset value per share, with ETH balances growing from 833,137 to over 1.15 million tokens in a single week.
Stripe Ventures into Cryptocurrency with Ambitious Blockchain Project
Stripe, the global fintech giant, is making bold moves into cryptocurrency with a new high-performance blockchain initiative dubbed Tempo. The project, developed in collaboration with Paradigm, signals Stripe's deepening commitment to digital assets following its $1.1 billion acquisition of stablecoin firm Bridge last year.
The Tempo network emerges as an EVM-compatible layer-1 blockchain, capable of executing Ethereum smart contracts while operating independently. This technical sophistication positions Stripe to potentially disrupt crypto payments at scale, leveraging its $92 billion valuation and existing fintech infrastructure.
Recent acquisitions of crypto wallet developer Privy and strategic hiring through the Blockchain Association underscore Stripe's methodical approach to Web3 integration. The MOVE mirrors PayPal's crypto ambitions but with Stripe's characteristic focus on developer-friendly payment solutions.
