Fundamental is set to carry out a $200 million private placement to kickstart its Ethereum Treasury strategy.

BlockBeats News, July 30th, Nasdaq-listed company Fundamental Global Inc. announced the sale of 40 million common shares at $5 per share, with expected total proceeds of $200 million. The proceeds will be used to launch the company's Ethereum Treasury strategy. Participants include Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic.