FG Nexus, an Ethereum treasury company, has announced a $200 million share repurchase program, as reported on October 20. The initiative, approved by the board of directors, will be executed in partnership with ThinkEquity. The company aims to buy back shares below its current net asset value (NAV) of approximately $5.10 per share. ThinkEquity will manage the repurchases, ensuring they occur at prices below this NAV. While the share price remains under $5.00, daily repurchases will be capped at 25% of the daily trading volume.
FG Nexus Initiates $200 Million Share Buyback Program
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