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FG Nexus Announces Share Repurchase and ETH Holdings Update

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FG Nexus Inc. (NASDAQ: FGNX, FGNXP) announced an ETH market update, revealing it holds 40,088 ETH alongside $25.2 million in cash and USDC. The company repurchased 7 million shares at $3.17 each since October 23, 2025, with a net asset value per share of $3.53. CEO Kyle Cerminara said the buyback will continue, targeting over 16% of shares at a discount to NAV, while maintaining strong ETH and cash reserves. The ETH price remains a key focus as the firm balances liquidity and shareholder returns.
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