FG Nexus offloads additional $17.8M Ether as losses top $100M
A wallet tagged by Arkham to the publicly listed Ethereum treasury company 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 comes after earlier disposals that saw the Nasdaq-listed firm unwind more than 21,000 $ETH from its treasury for roughly $55 million. FG Nexus accumulated 50,770 $ETH between August and September 2025 at an average price of $3,860 per coin, building a position worth about $196 million at the time. With Ether trading near $1,765 at the time of writing, according to CoinGecko data, the cryptocurrency is down roughly 54% from FG Nexuss average purchase price of $3,860, implying a loss of more than $100 million in value on its original investment. FG Nexus‘s share price was down 13.40% pre-market Thursday, trading at $7.11, down from $8.21 at Wednesday’s close, according to Yahoo Finance data. Wallet linked to FG Nexus moves 10k $ETH. Source Arkham 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, with recent transfers identified by onchain data providers not addressed
