Danicjade👤

FG Nexus, a publicly traded Ethereum treasury firm, sold about $31M worth of ETH from its holdings to fund share buybacks. Despite still holding $115M in ETH, the news sent its stock down 7%. The firm aims to boost shareholder value as its stock trades below net asset value.

FG Nexus, a publicly traded Ethereum treasury firm, sold about $31M worth of ETH from its holdings to fund share buybacks. Despite still holding $115M in ETH, the news sent its stock down 7%. The firm aims to boost shareholder value as its stock trades below net asset value.
decrypt.co •
Revision history

12 recorded changes

Want your article here?

Promote with Leviathan News

More on Ethereum

Ethereum's crown slips as prediction markets chart 60% odds of market cap loss

Ethereum's crown slips as prediction markets chart 60% odds of market cap loss

Forbes ·

Canton Network's Institutional Adoption Does Not Meaningfully Challenge Ethereum's Dominance : Analysishttps

Canton Network's Institutional Adoption Does Not Meaningfully Challenge Ethereum's Dominance : Analysishttps

Crowdfundinsider ·

SharpLink CIO: Unstaked Ethereum adrift in calm seas makes no nautical sense

SharpLink CIO: Unstaked Ethereum adrift in calm seas makes no nautical sense

Thestreet ·

Canton Network's institutional sails fail to capsize Ethereum's flagship dominance: Analysis

Canton Network's institutional sails fail to capsize Ethereum's flagship dominance: Analysis

Crowdfundinsider ·

Circle's Arc Network Reveals Quantum Resistance Plans as Bitcoin, Ethereum Face Threat

Circle's Arc Network Reveals Quantum Resistance Plans as Bitcoin, Ethereum Face Threat

decrypt.co ·

Circle’s Arc Network Reveals Quantum Resistance Plans as Bitcoin, Ethereum Face Threat

Circle’s Arc Network Reveals Quantum Resistance Plans as Bitcoin, Ethereum Face Threat

decrypt.co ·

Explore the full feed

Comments

Up nextChaos Labs Walks Away From $5M Aave Risk Mandate Over V4 Architecture, Underfunded Risk Budget, And Fundamental Disagreement On How Risk Should Be Managed At DeFi’s Largest Lending Protocol.