Investment firm Fundamental Global has finalized a major acquisition, purchasing 47,331 Ethereum (ETH) at an average price of $4,228.40 per token, totaling $202.8 million.
This acquisition fully deploys the company’s previously announced $200 million placement specifically allocated towards Ethereum. The strategy targets leveraging Ethereum staking to generate ETH Yield and establish involvement in Ethereum-powered financial ecosystems.
Fundamental Global’s Ethereum holdings will be secured by Anchorage Digital, which provides custodial services for the assets. The firm views ETH Yield derived from staking as a key metric for enhancing shareholder value.
An earlier initial purchase of 6,400 ETH marked the beginning of this acquisition strategy.