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Fundamental Global Inc, a Nasdaq-listed company, has filed a $5 billion shelf offering with the U.S. Securities and Exchange Commission to raise capital primarily for acquiring Ethereum (ETH). The company plans to deploy the majority of the proceeds into its Ethereum treasury strategy. Following the filing, Fundamental Global acquired 47,331 ETH, valued at approximately $200 million, using the entire amount raised from a private placement. The company intends to stake and restake its Ethereum holdings to engage in yield-generating strategies involving Ethereum-based real-world assets (RWA) and stablecoins. Anchorage Digital will provide custody services, while Galaxy will act as the asset manager. The announcement led to a 3.76% increase in Fundamental Global's stock price after hours. Ethereum co-founder Vitalik Buterin has expressed support for the cryptocurrency amid these developments.
[GN] Fundamental Global Acquires 47,331 #ETH Worth $200M, Plans Staking and Restaking for Ethereum-Based RWA and Stablecoin Yields With Anchorage Digital Custody and Galaxy as Asset Manager $FGNX $ETH
Nasdaq-listed Fundamental Global announced it has acquired 47,331 ETH using its entire $200M private placement. The company will stake and restake its holdings to participate in Ethereum-based RWA and stablecoin yield strategies, with Anchorage Digital providing custody and
Roundhill has filed for a Meme ETF, which is (i'm pretty sure) the first time we've seen a self-Lazarus bc $MEME was their ETF and they closed it. Now they trying it again. Normally it's another issuer who ressurects someone else's dead ETF to try it again a la $JETS https://t.co/DPDI8QmAj6
