FG Nexus Provides Update on Common and Preferred Share Buyback Programs and ETH Holdings
Rhea-AI Summary
FG Nexus (Nasdaq: FGNX, FGNXP) updated shareholders on its common and preferred share buybacks and ETH holdings as of January 20, 2026. The company has repurchased approximately 9.9 million common shares at an average price of $3.24 and approximately 53 thousand preferred shares at an average price of $24.16. FG Nexus reported holding 37,594 ETH, total debt of $1.9 million, 33.6 million outstanding common shares, 0.8 million outstanding preferred shares, and a net asset value of approximately $3.58 per share. The company said it will stake ETH and pursue additional yield strategies while continuing buybacks to pursue shareholder value.
Positive
- 9.9M common shares repurchased through Jan 20, 2026
- Repurchases at average price of $3.24 per common share
- Holds 37,594 ETH in treasury
- Reported NAV of $3.58 per share
Negative
- Repurchased 53k preferred shares at average $24.16, well above NAV
- Outstanding common shares remain 33.6M after buybacks
Key Figures
Market Reality Check
Peers on Argus
FGNX fell 4.35% while peers showed mixed moves: PWM down 16.43%, RCG down 2.36%, CWD down 1.48%, BENF up 13.75%, and WCEXF flat. Momentum scans show only ATON down sharply, supporting a stock-specific reaction.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 18 | Buyback/crypto update | Positive | +6.3% | Update on common buybacks, ETH holdings, debt, NAV per share. |
| Dec 09 | Preferred buyback plan | Positive | +8.9% | Board approval of preferred share repurchase authorization under Rule 10b-18. |
| Dec 08 | Governance change | Positive | +3.2% | Appointment of lead independent director to support ETH treasury strategy. |
| Nov 20 | Q3 update/strategy | Positive | -7.3% | Third-quarter highlights, digital asset pivot, large raise and buyback plan. |
| Nov 19 | Conference participation | Positive | -5.1% | Executives featured at disruptive technology conference on tokenization. |
Recent corporate and buyback updates have often seen positive price reactions, while broader strategic and conference news have produced mixed to negative moves.
Over the last few months, FG Nexus has repeatedly highlighted its shift toward a digital asset treasury and tokenized real‑world assets. A $200 million capital raise and a $200 million common share buyback program were disclosed in the November 2025 shareholder update, alongside substantial ETH holdings. Subsequent releases in December 2025 detailed progress on common and preferred buyback programs and NAV per share, with those buyback‑focused updates seeing price gains of 6.29% and 8.9%. Governance enhancements and conference participation drew smaller or negative reactions.
Market Pulse Summary
This announcement details significant progress on FG Nexus’s capital-return strategy, with 9.9 million common and 53 thousand preferred shares repurchased and NAV reported at $3.58 per share. ETH holdings stood at 37,594 and total debt at $1.9 million, framing the balance sheet alongside ongoing staking and yield plans. Compared with prior crypto/buyback updates, investors may focus on how continued repurchases, ETH treasury management, and execution in tokenized real‑world assets evolve from here.
Key Terms
net asset value financial
eth technical
tokenization technical
real-world assets technical
stablecoin-based yield solutions technical
AI-generated analysis. Not financial advice.
Charlotte, NC, Jan. 21, 2026 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company”), today announced the current status of its common and preferred share buyback programs and ETH holdings.
Under the previously announced share purchase programs, through January 20, 2026, the Company has repurchased approximately 9.9 million shares of its common stock (FGNX) at an average price of approximately
As of January 20, 2026 the Company held 37,594 ETH. The Company’s total debt outstanding was
“We continue to strategically utilize our buyback programs, taking advantage of market conditions to purchase our shares. Since we announced our common stock buyback program, we have repurchased over
FG Nexus
FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company”) is focused on building a digital asset treasury and a leading platform for the tokenization of real-world assets. To enhance the yield on its treasury, the Company will stake its ETH and implement additional yield strategies while positioning itself as a strategic gateway into digital-asset-powered finance, including tokenized RWAs and stablecoin-based yield solutions.
The FGNX® logo is a registered trademark.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “budget,” “can,” “contemplate,” “continue,” “could,” “envision,” “estimate,” “expect,” “evaluate,” “forecast,” “goal,” “guidance,” “indicate,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “possibly,” “potential,” “predict,” “probable,” “probably,” “pro-forma,” “project,” “seek,” “should,” “target,” “view,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or other variations thereon or comparable terminology. In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature. We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections. While we believe these to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements and may impact our ability to implement and execute on our future business plans and initiatives. Management cautions that the forward-looking statements in this press release are not guarantees of future performance, and we cannot assume that such statements will be realized or the forward-looking events and circumstances will occur. Factors that might cause such a difference include, without limitation, fluctuations in the market price of ETH and any associated impairment charges that the Company may incur as a result of a decrease in the market price of ETH below the value at which the Company’s ETH are carried on its balance sheet, changes in the accounting treatment relating to the Company’s ETH holdings, the Company’s ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations such as accounting rules as discussed below, customer acceptance of new products and services including the Company’s ETH treasury strategy, general conditions in the global economy; risks associated with operating in the merchant banking and managed services industries, including inadequately priced insured risks and credit risk; risks of not being able to execute on our asset management strategy and potential loss of value of our holdings; risk of becoming an investment company; fluctuations in our short-term results as we implement our business strategies; risks of not being able to attract and retain qualified management and personnel to implement and execute on our business and growth strategy; failure of our information technology systems, data breaches and cyber-attacks; our ability to establish and maintain an effective system of internal controls; the requirements of being a public company and losing our status as a smaller reporting company or becoming an accelerated filer; any potential conflicts of interest between us and our controlling stockholders and different interests of controlling stockholders; and potential conflicts of interest between us and our directors and executive officers.
Our expectations and future plans and initiatives may not be realized. If one of these risks or uncertainties materializes, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. You are cautioned not to place undue reliance on forward-looking statements. Under U.S. generally accepted accounting principles, entities are required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the income statement results. The forward-looking statements are made only as of the date hereof and do not necessarily reflect our outlook at any other point in time. We do not undertake and specifically decline any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect new information, future events or developments.
Investor Contact
invest@fgnexus.io
Media Contact
media@fgnexus.io
FAQ
How many FGNX common shares had FG Nexus repurchased as of January 20, 2026?
What was the average price FG Nexus paid for FGNX common stock in the buyback program?
How much ETH does FG Nexus hold as of January 20, 2026 (FGNX)?
What is FG Nexus's reported net asset value per share and total debt (FGNX)?
How many preferred shares did FG Nexus repurchase and at what average price (FGNXP)?
Where can investors find updates on FG Nexus's ETH holdings and NAV tracker?
