Global Fundamental Inc (Nasdaq: FGF), Soon renamed FG Nexus Inc., filed a 5 billion dollar shelf recording declaration with the SEC, to support its Ethereum (ETH) accumulation strategy.
The deposit includes an offer of $ 4 billion at the market level (ATM) for ordinary shares, allowing the company to issue securities in several tranches depending on market conditions. The majority of profits are intended to acquire Ethereum as a basic treasury asset, in order to become the largest ETH holder in the world, targeting a 10% stake in the Ethereum network.
The company had previously raised $ 200 million in a private placement for purchases, jealous and challenge activities. The recording of the preservative is not yet effective and requires the approval of the dry. The regulatory limits are currently capping the offers of $ 10.67 million in 12 months due to the unconquined market value of the company of $ 32 million in August 4, 2025.
This decision reflects the growing institutional interest for Ethereum as a treasure ratio, similar to the Bitcoin strategy of microstrategy. FGF’s decision to acquire Ethereum as the basis of the basic treasure asset reflects the Bitcoin strategy of microstrategy, signaling an increasing confidence of companies in cryptocurrencies as a reserve of value and investment vehicle.
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This could encourage other companies to allocate parts of their balance sheets in Ethereum, which could increase institutional adoption. By aiming to become the largest ETH company holder (targeting 10% participation in the Ethereum network), FGF positions Ethereum as a credible asset for business treasury bills, potentially improving its legitimacy and its call for traditional investors.
Large -scale ETH purchases could lock the tokens, reduce the available offer on exchanges and potentially increase price volatility. This effect would be amplified if the FGF creates its ETH, by further removing traffic tokens. The FGF plans to engage in development and challenge activities could strengthen the Ethereum ecosystem by increasing the participation and liquidity of the validators.
The recording of $ 5 billion is ambitious given the unsuccessful market value of $ 32 million in FGF, which limits its automatic counters to $ 10.67 million in the 12 months under the SEC rules. The scaling at $ 5 billion would require significant assessment of the equity or additional funding, potentially dilute existing shareholders.
By strongly weighting its treasure in ETH, the FGF exposes itself to the volatility of Ethereum prices, the regulatory uncertainties and the potential risks of the network. This high -risk strategy could lead to important financial oscillations. Examination of the dry on the recording of the curator and the classification of the ETH could delay or complicate the plans of the FGF.
FGF’s strategy underlines the role of Ethereum as a leading blockchain for smart contracts, DEFI and Enterprise applications. Institutional support could attract more developers and projects, strengthening Ethereum’s position as a dominant intelligent contract platform. Large -scale business purchases could act as a bullish catalyst for ETH, especially if the feeling of the market remains positive.
Historical data show that the price of Ethereum often reacts to institutional accumulation (for example, ETF hindrances). However, short -term volatility can increase due to speculative trade around FGF purchases. The participation of the FGF in the implementation could improve the safety of the Ethereum network by increasing the number of validators.
In August 2025, more than 30% of the ETH was marked out, and an additional markup of companies could decentralize and secure the network. Ethereum faces the competition from the blockchains of layer 1 like Solana, Cardano and Binance Smart Chain. FGF’s investment could consolidate the leadership of the Ethereum market by demonstrating the confidence of businesses in its long -term value proposal compared to rival networks.
The Ethereum acquisition plan of 5 billion FGF positions Ethereum as a leading institutional actor, potentially stimulating prices and the growth of ecosystems thanks to the participation and the participation of Défi. However, the success of the strategy depends on regulatory approval, market conditions and FGF capacity to navigate financial constraints.
