Nasdaq-listed firm FG Nexus sells 36,025 ETH at a $2,330 average, crystallizing over $85 million in losses.
Nasdaq-listed treasury firm FG Nexus has recorded cumulative losses exceeding $85 million on its Ethereum strategy. The company purchased 50,770 ETH for approximately $196 million at an average price of $3,860 between August and September 2025.
Sales of 36,025 ETH at an average price of $2,330 recovered about $83.92 million. ETH was previously held as the firm’s primary treasury reserve asset.
No immediate market reaction was disclosed in the release.