TechFlow news, August 11 — According to Globe Newswire, Nasdaq-listed company Fundamental Global Inc (ticker: FGNX, FGNXP) announced it has purchased 47,331 ETH at a price of $4,228.40 per unit. The company stated that it has fully deployed the previously announced $200 million private placement proceeds toward ETH acquisition.
Maja Vujinovic, CEO of the company's digital assets division, said the company plans to continue driving global adoption of ETH as a reserve asset, with a goal of owning 10% of the Ethereum network's staked supply. The company has established partnerships with cryptocurrency custodian Anchorage Digital and asset management firm Galaxy.




