FG Nexus Inc. finished a 7.0 million‑share repurchase program on December 17, 2025, buying back shares at an average price of $3.17. The transaction represents 16 % of the company’s outstanding shares and was executed at a substantial discount to the net asset value (NAV) per share of $3.53, underscoring management’s confidence that the stock is undervalued.
The buyback was financed in part by the sale of 10,922 ETH earlier in November 2025, leaving the company with 40,088 ETH on hand as of December 17. Cash and USDC balances total roughly $25.2 million, while total debt remains at $11.9 million. The combination of a sizable ETH treasury and a healthy cash position positions FG Nexus to continue pursuing yield‑generating strategies while returning capital to shareholders.
Chairman and CEO Kyle Cerminara said the program “creates an increasingly asymptotic effect on our per‑share valuation metrics as the number of shares outstanding declines and net asset value per share increases.” He added that the company will keep buying shares below NAV while maintaining a robust ETH and cash balance, reinforcing its strategy to become a gateway to Ethereum‑powered finance and tokenized real‑world assets.
The announcement triggered a strong market reaction, with the stock rising 12.59 % to $3.22. Investors cited the discount buyback, the firm’s solid ETH holdings, and Cerminara’s clear communication of a disciplined capital‑deployment strategy as key drivers of the positive response.
FG Nexus had previously approved a $200 million share‑repurchase program in September 2025 and a preferred‑share repurchase program in December 2025, indicating a consistent focus on shareholder value. The company’s annual meeting was postponed on December 18 due to a lack of quorum, highlighting ongoing shareholder engagement challenges. Nonetheless, the completed buyback and strong treasury position suggest that FG Nexus is positioning itself for long‑term growth in the digital‑asset space.
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