FG Nexus Sells 10,000 ETH as Treasury Losses Top $100M

A wallet Arkham links to FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position in 2025. The latest transfer equates to roughly $17.8 million at current prices and follows earlier disposals that saw the Nasdaq-listed firm unwind more than 21,000 ETH for roughly $55 million.

FG Nexus amassed 50,770 ETH between August and September 2025 at an average price of $3,860 per coin, creating a position worth about $196 million at the time. With Ether trading near $1,765, about 54% below that average, the stake has lost more than $100 million in value.

The company disclosed holdings of roughly 40,093 ETH in December 2025 and has yet to publicly comment on its Ether sales since those disclosures; recent transfers identified by onchain data providers were not addressed in subsequent statements. FG Nexus’s share price was down 13.40% pre-market Thursday, trading at $7.11 versus $8.21 at Wednesday’s close.

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