Fundamental Global’s shares dropped by 13% after revealing its $200 million treasury allocation towards Ether (ETH). This negative market reaction came despite substantial backing from influential investors.
The company aims to distinguish itself by joining others in developing Ether treasuries. With Galaxy Digital managing the treasury and Kraken supporting staking operations, Fundamental Global is positioning itself for growth.
Since June, crypto treasury firms have acquired about 1% of the total circulating ETH, with predictions suggesting this could increase to 10%. Companies like BitMine and SharpLink have also made significant ETH purchases.
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