FG Nexus Holdings ETH surpassed 50,000 pieces with a total value of 207 million USD.

On September 29, FG Nexus (NASDAQ: FGNX) announced that its ETH open interest has increased to 50,770 coins, with a total value of approximately $207 million. The company recently increased its holdings by acquiring 747 ETH at an average price of $4,016, resulting in an overall holding average price of $3,860. FG Nexus stated that it will continue to enhance ETH returns through staking and re-staking strategies, aiming to become the world's largest ETH corporate holder.

ETH-0.84%
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GasFeeTherapistvip
· 09-29 13:11
It turns out that institutions are really serious about arbitraging.
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ZKSherlockvip
· 09-29 13:07
actually this eth staking strategy lacks proper trust minimization... curious about their validator key management protocols tbh
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OffchainOraclevip
· 09-29 12:56
It means that energy can be transformed into energy, which is just not issuing coins.
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