FG Nexus shareholders approved a historic 1 trillion share authorization to fund a strategy of becoming the largest corporate holder of Ethereum, aiming to increase ETH per share value.

Executive Summary

FG Nexus shareholders have approved an unprecedented authorization of 1 trillion shares, comprising 900 billion common and 100 billion preferred shares. This strategic move aims to provide the company with maximum capital flexibility to execute its vision of becoming the dominant institutional holder of Ethereum globally, with a focus on increasing ETH per share value.

The Event in Detail

FG Nexus announced that its shareholders approved a landmark increase in authorized shares to 1 trillion. This authorization is considered one of the largest for a U.S. publicly traded company. Kyle Cerminara, Co-Founder, Chairman & CEO of FG Nexus, stated that this positions the company with the most flexible capital structure in U.S. public markets, with the clear goal of systematically acquiring ETH to increase ETH per share value. Maja Vujinovic, CEO of Digital Assets at FG Nexus, highlighted that this authorization reflects shareholder confidence in the company's Ethereum-focused strategy. The increase is expected to become effective no earlier than 20 calendar days after the information statement relating to the written consent and related matters is first mailed or otherwise delivered to the Company's stockholders, and upon the filing of a certificate of amendment with the Secretary of State of Nevada.

Financial Mechanics & Business Strategy

The core of FG Nexus's strategy is to leverage this share authorization, and potential future share issuance, to rapidly increase its Ethereum holdings. The company explicitly aims to become the world's largest corporate holder of ETH by an order of magnitude. This involves a focus on generating yield through staking and restaking its ETH holdings, with estimated staking yields of 4.5–5.2%. This yield generation strategy positions FG Nexus as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield.

The company's transformation began with a rebranding and a $200 million private placement in August 2025, supported by entities like Galaxy Digital, Kraken, and Digital Currency Group. As of a recent report, FG Nexus holds 48,545 ETH, valued at approximately $230 million, with an ambition to own 10% of the Ethereum network. To further support its acquisition strategy, FG Nexus previously expanded its authorized shares from 4 million to 1 billion and filed a $5 billion shelf registration in August 2025. This registration includes an at-the-market (ATM) offering for $4 billion in common stock. However, regulatory constraints limit ATM offerings to $10.67 million annually due to the company's current $32 million non-affiliate market value, suggesting scaling to the $5 billion target may require significant share price appreciation or additional private placements. In a separate development, the company's Board of Directors approved a $200 million share repurchase program, reflecting confidence in its long-term prospects.

Broader Market Implications

The aggressive Ethereum acquisition strategy by FG Nexus could significantly impact institutional demand for ETH, potentially influencing its long-term price trajectory. This move aligns with a broader institutional trend of viewing cryptocurrency as a legitimate treasury asset. In 2025, public and private companies have collectively raised over $15 billion for digital asset treasury (DAT) strategies, surpassing traditional crypto venture funding. DATs are characterized as capital-raising entities that directly hold and stake crypto, generating value through price appreciation, staking rewards, and access to tokenized RWAs.

Regulatory developments have supported this trend; the SEC's 2025 reclassification of Ethereum as a utility token removed legal barriers for staking, attracting institutional capital. Additionally, Ethereum's Dencun and Pectra hard forks have enhanced scalability and reduced transaction fees, making it more appealing for corporate applications. As of Q2 2025, 35.7 million ETH (29.6% of total supply) was staked. Ethereum ETFs have attracted $9.4 billion in net inflows, and the RWA market, with 53.14% relying on Ethereum, surpassed $26.6 billion in value. Major financial institutions like BlackRock and Goldman Sachs have tokenized significant traditional assets, including $10.8 billion in U.S. Treasuries and $8.32 billion in gold, utilizing Ethereum-based platforms. While Ethereum's price volatility and potential regulatory shifts in other jurisdictions present risks, FG Nexus's focus on staking yields and RWA integration is cited as a mitigation strategy against ETH price correlation. Corporate treasuries' total allocation to Ethereum now exceeds $17.6 billion across 19 major firms.