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FG Nexus announces sale of majority stake in reinsurance division and focuses on Ethereum treasury strategy

FG Nexus announces sale of majority stake in reinsurance division and focuses on Ethereum treasury strategy

金色财经金色财经2025/10/23 12:59
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Jinse Finance reported that Nasdaq-listed company FG Nexus Inc. (FGNX) has announced the sale of a majority stake in its FG Reinsurance division to Devondale Holdings LLC, led by industry veteran Tom Heise. According to the terms of the deal, FG Nexus will receive approximately $3 million in cash, a $1.25 million note, and a 40% equity stake in Devondale. This transaction aims to allow FG Nexus to focus on its Ethereum asset accumulation strategy, strengthening its goal to become the world's largest corporate ETH holder.

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