The US-listed company Fundamental Global plans to raise up to $5 billion, mainly for purchasing Ethereum

ChainCatcher news, Nasdaq-listed Fundamental Global Inc has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, intending to issue securities in multiple tranches for a total amount of up to $5 billion. The company plans to use the majority of the net proceeds from this offering of common stock to acquire Ethereum (ETH), with the remaining funds allocated for working capital needs, general corporate purposes, and operating expenses.