Fundamental Global files a $5 billion shelf registration to support its Ethereum treasury strategy
Fundamental Global, a financial services company on Nasdaq, has recently submitted a $5 billion shelf registration statement to the U.S. Securities and Exchange Commission (SEC). This move is part of its plan to significantly increase its investments in Ethereum (ETH). The company plans to change its name to FG Nexus and wants to become the biggest corporate owner of ETH, aiming for a significant 10% share in the Ethereum network.