FG Nexus Shares Drop After Ethereum Buyback

FG Nexus, an Ethereum treasury firm, saw its shares drop by over seven percent following a share buyback program. The company sold Ethereum to purchase its own shares, aiming to boost value for existing shareholders. Despite the strategy, shares have plummeted, trading at $2.41, a stark contrast to their August high of over $40. FG Nexus remains a significant player, with its Ethereum holdings placing it just outside the top seven publicly traded Ethereum treasuries.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.