FG Nexus

What FG Nexus does

FG Nexus Inc. (formerly Fundamental Global Inc.) is a Nevada-domiciled, Nasdaq-listed holding company (ticker FGNX, with FGNXP preferred) that has repositioned itself as a digital asset treasury vehicle centered on Ethereum. Following a $176 million private placement in July-August 2025, the company acquired 50,770 ETH at an average price of approximately $3,860 per token, establishing one of the larger publicly traded ETH positions and pursuing staking rewards as a core yield mechanism (industry data suggests staking represents ~60% of revenue for ether treasury companies that disclose it). The stated core technology pairs Ethereum treasury management with a tokenization of real-world-assets platform, though concrete product details are undisclosed.

The company's revenue model is hybrid: staking rewards on held ETH (usage-based), gains/losses from strategic ETH acquisition and disposition (transaction-style), and capital return via share buybacks funded by ETH sales and capital raises — repurchasing roughly 25.8% of outstanding shares for $34.9 million. To focus on digital assets, FG Nexus divested its legacy reinsurance division (FG Reinsurance Ltd. and FG Solutions Ltd.) to Devondale Holdings in early 2026 and divested a Quebec real estate property.

The company is now evaluating a related-party business combination with FG Communities, Inc., a manufactured-housing REIT founded and controlled by Chairman and CEO Kyle Cerminara, reviewed by a Special Committee of independent directors. Headcount is small (1–10 employees), with key executives including CEO of Digital Assets Maja Vujinovic and Lead Independent Director Scott D. Wollney. The strategic arc to date has produced >$100 million in realized ETH losses, a 1-for-5 reverse stock split in February 2026, and ongoing reorganization — all indicating a transitional, capital-intensive business rather than a stable operating company.

Name

FG Nexus

Legal name

FG Nexus Inc.

Website

https://fgnexus.io

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

FG Nexus (Nasdaq: FGNX) is a Nevada-listed holding company operating as a publicly traded Ethereum treasury vehicle, accumulating ETH, earning staking rewards, and executing share buybacks. It has divested its legacy reinsurance business and is evaluating a related-party merger with FG Communities, a manufactured-housing REIT.

Ownership category

akta.pro rank

Product category

Digital Asset Treasury Management

NAICS

Other Financial Vehicles (52599), Open-End Investment Funds (525910)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Digital Assets / Crypto Fund of Funds (FSAHAKAL)

Keywords

• Ethereum treasury management
• Digital asset strategy
• Crypto staking services
• Public blockchain holdings
• Tokenization platform

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ETH Treasury Holdings and Trading: FG Nexus generates returns through strategic acquisition and disposition of Ethereum (ETH) as a treasury asset. The company acquired 50,770 ETH between August-September 2025 for approximately $196 million, then began selling positions as ETH prices declined from October 2025 highs, resulting in realized losses exceeding $100 million.
2. Staking Revenue: FG Nexus earns staking rewards from its Ethereum holdings, contributing to revenue streams as part of its digital asset treasury strategy. Industry data indicates staking revenue accounts for approximately 60% of total reported revenue for ether treasury companies that disclose such figures.
3. Share Buyback Program: The company executes share repurchase programs at discounts to net asset value, using proceeds from ETH sales and capital raises to buy back shares. Repurchased approximately 25.8% of outstanding common stock for $34.9 million.

Distribution channels1 record

Marketing channels4 records

Core offering

FG Nexus Inc. is a Nasdaq-listed holding company that operates a digital asset treasury strategy centered on the accumulation, staking, and strategic disposition of Ethereum (ETH) as a corporate treasury asset. The company acquired 50,770 ETH for approximately $196 million in August-September 2025, earns staking rewards on its holdings, and executes share repurchase programs at discounts to net asset value. It also evaluates strategic alternatives including a potential business combination with FG Communities, Inc., a manufactured housing and affordable housing REIT.

Product overview

FG Nexus is a Nasdaq-listed holding company that has pivoted toward digital asset treasury operations, primarily focused on Ethereum (ETH) holdings and management. The company also pursued a potential business combination with FG Communities, Inc., a REIT focused on manufactured housing and affordable housing communities. Following strategic realignments, FG Nexus divested its legacy reinsurance segment and real estate holdings, while building a digital asset treasury strategy involving ETH accumulation, staking participation, and share repurchase programs. The company operates as a diversified holding company with strategic initiatives spanning digital assets and real estate.

Differentiator

Problem solved

Functional benefit

Products and services

• FGNX Common Stock Nasdaq-listed common equity security (ticker FGNX) of FG Nexus Inc., providing public market investors with regulated exposure to the company's Ethereum treasury strategy, staking rewards, and share repurchase program.
• FGNXP Series A Preferred Stock

Quantifiable outcome

• 50,770 ETH accumulated as one of largest publicly traded ETH holders
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and flagship.

• BPM LLPcoreOthersFG Nexus appointed BPM LLP as its new auditor, replacing the previous auditor as part of corporate governance enhancements following strategic realignments toward digital assets.
• FG Communities, Inc.flagshipStrategic or Co-development PartnerFG Nexus is evaluating a potential business combination with FG Communities, Inc., a REIT focused on manufactured housing and affordable housing communities. This related party transaction is being reviewed by a Special Committee of independent directors. FG Communities was founded by FG Nexus's Chairman and CEO Kyle Cerminara and is controlled by affiliated persons.
• Special Committee of Independent DirectorscoreImplementation/ SI/ Consulting PartnerThe Board formed a Special Committee comprised solely of independent directors to evaluate strategic alternatives including the potential FG Communities business combination. The committee has retained an independent financial advisor to assist in its evaluation and provide a fairness opinion.

Scale indicators7 records

Recent moves10 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/FGNexusio
• Facebookfacebook.com/fgnexus
• LinkedInlinkedin.com/company/fg-nexus

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FG Nexus