[Block Rhythm] On November 20, the Ethereum-focused treasury company FG Nexus took action—they sold 10,922 ETH to buy back their own shares. After this move, FG Nexus still holds 40,005 ETH. To be honest, in the current ETH price fluctuation, using coins to buy back shares is quite interesting, as it optimizes the capital structure and provides an explanation to the shareholders. However, how the remaining 40,000 ETH will be used is what the market is watching.
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[Block Rhythm] On November 20, the Ethereum-focused treasury company FG Nexus took action—they sold 10,922 ETH to buy back their own shares. After this move, FG Nexus still holds 40,005 ETH. To be honest, in the current ETH price fluctuation, using coins to buy back shares is quite interesting, as it optimizes the capital structure and provides an explanation to the shareholders. However, how the remaining 40,000 ETH will be used is what the market is watching.