2026-01-21 13:24:17

The Ethereum treasury company FG Nexus, listed on NASDAQ, recently announced eye-catching financial data. As of January 20, the company's ETH holdings reached 37,594 coins, a substantial asset size among similar publicly listed companies.

From the liabilities side, the company's outstanding debt totaled only $1.9 million, indicating a relatively healthy balance sheet. Currently, there are 33.6 million common shares in circulation.

More notably, the company has recently engaged in a stock buyback. FG Nexus repurchased approximately 9.9 million common shares at about $3.24 per share, and also repurchased around 53,000 preferred shares at about $24.16 per share. The total investment in these buybacks exceeded $32 million, reflecting management's confidence in the company's value.

This strategy of holding a large amount of Ethereum while conducting large-scale stock buybacks indicates that the company is balancing asset allocation and shareholder returns.

ETH1,46%

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MEVSandwichMaker

· 3h ago

Wait, a buyback of 32 million USD? Are they betting on ETH's rise or just really confident in themselves?

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StrawberryIce

· 7h ago

37,000 ETH are still being repurchased? Is this a bet that ETH will go up?

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DataOnlooker

· 7h ago

Whoa, 37,594 ETH, how much is that worth... Just holding assets and you can sit back and win --- 32 million buyback? Does management really believe in this or are they trying to save themselves? --- Liabilities are only 1.9 million? Is this financial statement really that clean? Feels a bit too good to be true --- Balanced allocation? Basically, it's just hoarding coins while diluting equity, smart move --- NASDAQ-listed ETH treasury... This track is really taking off --- 37,000 ETH on hand, that's more than the total assets of many publicly listed companies --- Buyback price is just over 3 dollars per share? Is this valuation really cold, or is no one willing to buy? --- This company is basically an ETH dollar-cost averaging institution in disguise. Why do they insist on going public?

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AlphaWhisperer

· 7h ago

37,000 ETH, with only 1.9 million in liabilities. This leverage is quite something. However, a large buyback of 32 million USD—is this genuine conviction or market support? If ETH drops further, this move might be a bit... "smart."

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PuzzledScholar

· 7h ago

37,000 ETH lying idle, then turning around to buy back for 32 million? This move is quite something.

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FarmHopper

· 7h ago

37,594 ETH, this is truly a loyal believer --- Buyback of 32 million? The management really has high hopes --- Liabilities are only 1.9 million, this balance sheet is impressive --- At the same time, hoarding coins and repurchasing stocks, this rhythm is a bit something --- Balancing asset allocation? Basically, betting on ETH to take off --- This company really dares to play, hoarding coins on one hand and buybacks on the other --- 37,594 ETH, if it breaks new highs, this ledger will be even more impressive

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SudoRm-RfWallet/

· 8h ago

37,000 ETH, that's a really bold move. But just repurchasing $32 million worth to stabilize the stock price? Just wait and see, haha.

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