Nasdaq-listed FG Nexus Inc. (FGNX) announced the sale of a majority stake in its FG reinsurance division to Devondale Holdings LLC, led by industry veteran Tom Heise.
Under the terms of the deal, FG Nexus will receive approximately $3 million in cash, $1.25 million in notes and a 40% stake in Devondale. The deal is designed to allow FG Nexus to focus on its Ethereum asset accumulation strategy, strengthening its goal of becoming the world's largest corporate ETH holder.
FG Nexus announces sale of majority stake in reinsurance division and focuses on Ethereum treasury strategy
2025-10-23 12:53:41
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
FG Nexus 宣布出售再保险部门多数股权并专注以太坊财库战略Next article：
David Sacks：今年完全有能力通过加密市场结构立法，为行业带来监管清晰度
