FG Nexus announced that it has purchased 47,331 ETH at a cost of $200 million

Fundamental Global Inc. (FG Nexus, NASDAQ: FGNX, FGNXP) announced that it has acquired a total of 47,331 ETH at a current price of $4,228.40 per ETH. The company has fully utilized its $200 million private placement funding to purchase ETH. The company plans to increase ETH yield through staking and re-staking, becoming one of the world's largest corporate ETH holders.