FG Nexus Signs Non-Binding Letter of Intent to Sell Quebec Property

Core Viewpoint - FG Nexus has signed a non-binding letter of intent to sell its Quebec property for $10 million, which is expected to generate approximately $8 million in net pretax proceeds after mortgage repayment [1][3]. Group 1: Transaction Details - The sale is part of FG Nexus's strategy to focus on becoming the dominant corporate stakeholder of ETH and will provide additional cash resources for share repurchase [2]. - The transaction is anticipated to close in the first quarter of 2026, subject to definitive agreements and customary closing conditions [3]. Group 2: Company Strategy - FG Nexus aims to become the largest corporate holder of ETH globally and plans to enhance its ETH yield through staking and other yield strategies [4].