[Ethereum Treasury Company FG Nexus to Conduct 5-for-1 Reverse Stock Split] Foresight News reports that Nasdaq-listed Ethereum treasury company FG Nexus Inc. has announced that its board of directors has approved a 1-for-5 reverse stock split of its issued common stock, effectively a 5-for-1 stock consolidation. The split is expected to take effect on February 13 at 22:30. After the consolidation, every 5 shares of FGNX common stock will automatically convert into 1 share, reducing the total issued shares from approximately 32.78 million to about 6.56 million, with the authorized shares also being reduced from 900 billion to 180 billion. FG Nexus CEO Kyle Cerminara stated that this move aims to increase the stock price to enhance its appeal to institutional investors and improve trading liquidity. Currently, the company's core strategy is to establish an Ethereum-centric asset reserve and develop an RWA tokenization platform, with plans to boost treasury yields through ETH staking and deploying other yield strategies.