Overview
- The private placement of 40 million prefunded $5 warrants is set to close around August 1, raising $200 million for FG Nexus’s digital asset strategy.
- Proceeds will build an Ether-centric treasury to generate staking yields and enable exposure to tokenized real-world assets.
- Galaxy Digital will oversee the company’s treasury and staking infrastructure while Kraken manages on-chain staking operations.
- Joe Moglia joins FG Nexus as executive advisor and Maja Vujinovic leads the company’s digital asset strategy team.
- Shares surged in premarket trading but closed July 30 down 13.7% as investors weighed the firm’s strategic shift toward Ethereum.