FG Nexus Launches $200 Million Share Buyback Program Below Asset Value

FG Nexus Inc. (NASDAQ: FGNX, FGNXP) has announced the launch of a $200 million share repurchase program, with the company engaging ThinkEquity to begin immediate buybacks below its estimated net asset value of $5.10 per share as of October 20, 2025. The strategic move represents a significant commitment to returning value to shareholders while the company's stock trades below its fundamental valuation.

CEO Kyle Cerminara stated that the repurchase initiative reflects the company's confidence in its Ethereum treasury strategy and its dedication to enhancing shareholder value. The decision to buy back shares below net asset value indicates management's belief that the market is undervaluing the company's assets and future prospects. The program will operate under Rule 10b-18 guidelines, which allow for purchases of up to 25% of the stock's average daily trading volume while the shares trade under $5 per share.

The company maintains flexibility in executing the program, noting that buybacks may be adjusted or suspended based on market conditions. This approach allows FG Nexus to be responsive to market dynamics while pursuing its capital allocation objectives. The timing and amount of repurchases will depend on various factors including price, trading volume, and market conditions.

FG Nexus operates on the Ethereum Standard and maintains a singular focus on becoming the largest corporate holder of ETH in the world by an order of magnitude. The company's strategy includes staking ETH and implementing other yield enhancement strategies while positioning itself as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets and stablecoin yield opportunities. More information about the company's operations and strategy can be found at https://fgnexus.io/.

The full details of the share repurchase announcement are available in the company's official press release at https://ibn.fm/olHxf. This substantial capital allocation decision comes at a time when the company is actively pursuing its ambitious goals in the Ethereum ecosystem, combining traditional corporate finance strategies with innovative blockchain-based treasury management approaches.

The $200 million repurchase program represents a significant deployment of corporate capital and signals management's conviction in the company's strategic direction and valuation. Share buybacks below net asset value are relatively uncommon in public markets, making this announcement particularly noteworthy for investors following companies with cryptocurrency and blockchain exposure. The program's structure under Rule 10b-18 provides a framework for orderly market purchases while minimizing potential market disruption.