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The Ethereum treasury company FG Nexus, listed on NASDAQ, recently announced eye-catching financial data. As of January 20, the company's ETH holdings reached 37,594 coins, a substantial asset size among similar publicly listed companies.
From the liabilities side, the company's outstanding debt totaled only $1.9 million, indicating a relatively healthy balance sheet. Currently, there are 33.6 million common shares in circulation.
More notably, the company has recently engaged in a stock buyback. FG Nexus repurchased approximately 9.9 million common shares at about $3.24 per share, and also repurchased around 53,000 preferred shares at about $24.16 per share. The total investment in these buybacks exceeded $32 million, reflecting management's confidence in the company's value.
This strategy of holding a large amount of Ethereum while conducting large-scale stock buybacks indicates that the company is balancing asset allocation and shareholder returns.