According to @rovercrc, U.S.-listed Fundamental Global purchased 47,331 ETH for $202.8 million, reported on August 11, 2025 (source: @rovercrc on X, August 11, 2025). The implied average acquisition price is approximately $4,285 per ETH based on the reported totals of 47,331 ETH and $202.8 million (source: @rovercrc on X, August 11, 2025). The report frames this as a large institutional ETH acquisition relevant to traders monitoring spot demand and liquidity conditions in Ethereum markets (source: @rovercrc on X, August 11, 2025).