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FG Nexus Provides Update on Common and Preferred Share Buyback Programs and ETH Holdings

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Charlotte, NC, Jan. 21, 2026 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company”)...

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AI Summary

FG Nexus (FGNX) is actively repurchasing shares, having bought back 9.9 million common shares at $3.24 on average. The company's net asset value per share stands at $3.58, supporting its strategy to enhance shareholder value and expand its digital asset operations, which may positively impact stock performance.

Sentiment Rationale

Share repurchases typically lead to price appreciation; FGNX's strategic buybacks at a discount strengthen investor confidence.

Trading Thesis

Buy FGNX as share repurchases and ETH strategies could drive price appreciation in 3-6 months.

Market-Moving

  • FGNX's share buyback program has acquired over 23% of common stock.
  • Current average share purchase price is below net asset value.
  • Holding 37,594 ETH positions FGNX favorably in the crypto market.
  • Company plans to implement yield strategies, potentially increasing asset value.

Key Facts

  • FGNX repurchased 9.9 million common shares at $3.24 on average.
  • 53,000 preferred shares repurchased at an average price of $24.16.
  • FGNX holds 37,594 ETH with a total debt of $1.9 million.
  • Net asset value per share is $3.58, indicating share repurchase advantage.
  • Company plans to stake ETH to increase treasury yield.

Companies Mentioned

  • FG Nexus Inc. (FGNX): Strategic buybacks could boost stock value short-term.

Corporate Developments

This news falls under 'Corporate Developments' as FGNX's buyback activity and asset management reflect operational strategies that can enhance shareholder value, making it highly relevant for investors monitoring corporate resilience and value generation.

FG Nexus (FGNX) Provides Update on Stock Buyback Programs and ETH Holdings

Charlotte, NC – As of January 21, 2026, FG Nexus Inc. (Nasdaq: FGNX, FGNXP) has announced significant updates regarding its share buyback initiatives and Ethereum (ETH) asset holdings. The Company has repurchased approximately 9.9 million shares of its common stock at an average price of $3.24 per share and about 53,000 shares of its preferred stock at an average price of $24.16 per share as of January 20, 2026.

Current Financial Overview of FG Nexus (FGNX)

As part of this update, FG Nexus reported the following key financial figures:

  • Total debt outstanding: $1.9 million
  • Outstanding shares of common stock: 33.6 million
  • Outstanding shares of preferred stock: 0.8 million
  • Net asset value (NAV) per share: $3.58
  • Current ETH holdings: 37,594 ETH

For those interested in real-time updates regarding the Company’s ETH holdings and the NAV tracker, more information is available on the Company’s website at fgnexus.io/nav-tracker.

Strategic Buyback Initiatives

FG Nexus's Chairman and CEO, Kyle Cerminara, expressed confidence in the Company’s buyback strategy: “We continue to strategically utilize our buyback programs, taking advantage of market conditions to purchase our shares. Since we announced our common stock buyback program, we have repurchased over 23% of our outstanding shares of common stock at a substantial discount to net asset value.”

This approach reflects FG Nexus's commitment to driving shareholder value through its buyback initiatives whenever market opportunities arise.

Focus on Digital Asset Treasury

FG Nexus aims to establish a robust digital asset treasury and is focused on creating a leading platform for tokenizing real-world assets. The Company plans to enhance yield from its treasury by staking its ETH holdings and employing various yield strategies. This positions FG Nexus as a strategic gateway into the growing sector of digital assets powered by finance, including tokenized real-world assets (RWAs) and stablecoin-based yield solutions.

Forward-Looking Statements

The information in this article contains forward-looking statements, in accordance with the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements address the Company's expectations, assumptions, estimates, and projections, which could differ materially due to various factors, such as fluctuations in the market price of ETH and changes in regulatory frameworks.

Readers are advised to consider the inherent risks associated with such predictions and should not place undue reliance on forward-looking statements.

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