Fundamental Global saw a significant 13% drop in share price on the Nasdaq following its announcement of a $200 million Ether treasury plan. This strategic shift positions Ether as the company's primary treasury asset, funded by a private placement of 40 million common stock warrants priced at $5 each. The company aims to provide multiple value drivers beyond ETH price appreciation, including staking rewards and exposure to tokenized real-world assets. Notable strategic investors include Galaxy Digital and Kraken, who will assist with treasury operations. Despite the backing from credible investors, the market reacted negatively, causing shares to slide 13.7% on the day of the announcement. This move aligns with a rising trend among corporates adopting Ether treasury strategies, similar to early Bitcoin adopters. Other firms like BitMine Immersion Technologies have also accumulated significant ETH holdings. The announcements coincided with Ethereum's 10-year anniversary, highlighting increased institutional interest in Ethereum due to recent regulatory clarity.

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