FG Nexus has commenced a stock buyback program as of October 23, in line with its previously announced plans. To facilitate this initiative, the company borrowed approximately $10 million and sold around 10,000 ETH. The proceeds are being used to accelerate the buyback and enhance shareholder value. So far, FG Nexus has repurchased 3.4 million shares of common stock. The company's ETH holdings have decreased to 40,005, while its combined cash and USDC balance stands at $37 million, with a net asset value per share of approximately $3.94.