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2w ago

FG Nexus Reduces Ethereum Holdings After More Than $85 Million in Realized Losses

Large disposals that lock in heavy losses highlight the danger of putting nearly an entire corporate raise into a single volatile crypto asset.

Fg nexus offloads 10,000 ethereum as treasury losses exceed $100m
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Fg nexus dumps 36,025 eth as ethereum treasury losses top $85m

Overview

  • The Nasdaq-listed company bought about 50,770 ETH in August–September 2025 at roughly $3,860 per coin and has since sold large tranches at much lower prices.
  • FG Nexus has disclosed cumulative realized losses exceeding $85 million and its original ETH position is now trading roughly 40–54% below its purchase price, creating more than $100 million in paper losses.
  • On-chain trackers show the firm moved another 10,000 ETH on Wednesday, following earlier disposals of more than 21,000 ETH, with some transfers reported to involve Galaxy Digital as a counterparty.
  • The sales have pressured FG Nexus’s stock, which fell sharply after the transfers, and the company has not offered detailed public comment on the recent on-chain activity.
  • The episode has split institutional response: some firms like BitMine and Galaxy have added to Ethereum positions while others warn the case proves corporate treasuries need diversification, hedging, and clearer exit plans.