Fundamental Global sinks 13% following Ether treasury news

Key Points

1. Fundamental Global's share price fell 13.7% following the announcement of its $200 million Ether treasury plan, funded through a private placement of 40 million common stock warrants priced at $5 each.

2. Strategic investors include Galaxy Digital (managing the ETH treasury), Kraken (assisting with staking and treasury operations), and Hivemind Capital.

3. The company is rebranding to 'FG Nexus' as part of its pivot toward ETH value drivers beyond price assets.

4. Standard Chartered reports that crypto treasury firms have bought 1% of all circulating ETH since early June, with projections of this figure rising to 10%.

5. Ether Machine disclosed a $56.9 million ETH purchase (nearly 15,000 ETH), citing regulatory clarity as a key factor for large-scale adoption.