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FG Nexus (Nasdaq: FGNX, FGNXP) agreed to sell a majority stake in FG Reinsurance Ltd. and FG Re Solutions Limited to Devondale Holdings led by Tom Heise on Oct. 23, 2025.
Consideration includes $3.0 million cash, a $1.25 million note, and 40% equity ownership of Devondale for FG Nexus. FG Nexus will retain a minority stake and redeploy capital toward an Ethereum (ETH) treasury accumulation strategy. Devondale, led by Heise as CEO, will operate FG Reinsurance independently and pursue tokenization of reinsurance to enhance liquidity and transparency. Closing remains subject to regulatory approval and customary closing conditions.
FG Nexus (Nasdaq: FGNX, FGNXP) signed a non-binding letter of intent to sell its Quebec property for $10 million. After repayment of the existing mortgage, the transaction is expected to produce approximately $8 million in net pretax proceeds. The company said proceeds would help fund share repurchases under its buyback program and support its focus on increasing its corporate stake in ETH. The letter of intent is not binding and the sale is subject to definitive agreements, due diligence, customary closing conditions, and closing in Q1 2026 if completed.
FG Nexus (Nasdaq: FGNX, FGNXP) on October 20, 2025 announced the initiation of a Board-approved $200 million share repurchase program and engaged ThinkEquity to begin buyback purchases immediately.
The company said it will seek to buy shares below its estimated Net Asset Value (~$5.10 per share) and that ThinkEquity will make Rule 10b-18 purchases of up to 25% of daily trading volume while the stock trades below $5.00 per share. Timing and amounts depend on market conditions, financial performance, and other opportunities. FG Nexus stated it will not use its At-the-Market facility while trading below NAV but reserves the right to use it later if accretive.
FG Nexus (Nasdaq: FGNX, FGNXP) will ring the Nasdaq closing bell on Monday, October 13, 2025 at 4:00 PM ET. The ceremony marks a corporate milestone tied to the company's stated mission to become the largest corporate holder of ETH. Company executives Kyle Cerminara and Maja Vujinovic will participate and the event will be broadcast live beginning at 3:45 PM ET. Viewers can watch the webcast on Nasdaq's market site.
FG Nexus (Nasdaq: FGNX, FGNXP) announced its Certificate of Amendment was declared effective by the Nevada Secretary of State on October 7, 2025. The amended and restated articles increase authorized shares to a total of 1 trillion shares: 900 billion common and 100 billion preferred. Shareholder written consent approving the amendment was obtained prior to effectiveness. Management said the change provides flexibility to pursue per‑share ETH increases and long‑term shareholder value.
FG Nexus (Nasdaq: FGNX) has partnered with Securitize to become one of the first NASDAQ-listed companies to offer shareholders the option to tokenize their shares on the Ethereum blockchain. The company will tokenize both its common stock (FGNX) and preferred stock (FGNXP), making it the first to bring a dividend-paying preferred equity fully onchain.
The program will utilize Securitize's regulated infrastructure, including its SEC-registered broker-dealer, Alternative Trading System (ATS), and transfer agent services. This will enable real-time settlement and programmable ownership while maintaining the same rights as traditional shares and ensuring regulatory compliance.
FG Nexus (NASDAQ:FGNX) has expanded its Ethereum holdings to 50,770 ETH, valued at approximately $207 million as of September 28, 2025. The company achieved this position through recent purchases of 747 ETH at an average price of $4,016 per ETH, along with staking rewards.
The company's overall average purchase price stands at $3,860 per ETH, with the current ETH price at $4,142. CEO Maja Vujinovic reaffirmed FG Nexus's commitment to becoming the leading corporate stakeholder in the Ethereum ecosystem.
FG Nexus (Nasdaq: FGNX) has achieved a significant milestone by accumulating 50,000 ETH in its treasury, valued at approximately $210 million at current market prices of $4,200 per ETH. The company initiated its ETH Treasury strategy in August 2025, with an average purchase price of $3,860 per ETH.
This strategic accumulation aligns with FG Nexus's ambitious goal to become the largest institutional ETH holder in the Ethereum network, demonstrating the company's strong belief in Ethereum's role in shaping the future of global finance.
FG Nexus (NASDAQ:FGNX) has expanded its Ethereum holdings to 49,715 ETH, valued at approximately $229 million at $4,598 per ETH. The company recently acquired an additional 1,087 ETH and has benefited from initial staking rewards.
The company's strategic objective is to become the largest ETH holder in the Ethereum network. CEO of Digital Assets, Maja Vujinovic, emphasized Ethereum's position as the leading programmable asset for institutional reserves, aligning with the company's goal to establish dominance as a corporate stakeholder.
FG Nexus (Nasdaq: FGNX) has secured shareholder approval for a landmark 1 trillion share authorization, comprising 900 billion common shares and 100 billion preferred shares. This authorization, potentially the largest for any U.S. public company, will become effective approximately 20 days after the information statement distribution and Nevada Secretary of State filing.
The company aims to become the world's largest corporate holder of Ethereum (ETH) by leveraging this authorization for strategic share issuance. Under the leadership of CEO Kyle Cerminara and Digital Assets CEO Maja Vujinovic, FG Nexus plans to systematically acquire ETH to increase ETH per share value while establishing itself as the dominant institutional Ethereum holder globally.
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