FG Nexus sells another $14M in Ether as losses mount on treasury bet

FG Nexus, a publically listed Ethereum treasury and infrastructure company, liquidated different chunk of its Ether treasury connected Tuesday, offloading 7,550 ETH worthy astir $14 million.

The latest merchantability adds to a bid of disposals that person locked successful much than $80 cardinal successful losses connected a presumption built adjacent Ether (ETH) 2025 highs. 

Onchain data from Arkham shows that the steadfast accumulated 50,770 ETH worthy astir $196 cardinal betwixt August and September 2025 astatine an mean terms of $3,860 per coin.

On Oct. 22, the institution doubled down connected its ETH accumulation strategy, announcing its volition to merchantability its Quebec spot to accumulate much ETH.

FG Nexus sells 7,550 ETH. Source: Arkham

As the marketplace turned and the ETH terms fell from its October highs of implicit $4,600 per coin to astir $2,700 successful November, the institution began selling.

FG Nexus has offloaded conscionable implicit 21,000 ETH for astir $55 million, and netted a nonaccomplishment of implicit $80 million.

The institution has besides seen its stock terms for FGNX drop astir 52% implicit the past month. 

FG Nexus stock terms takes a beating. Source: Google Finance

FG Nexus remains 1 of the largest publically traded owners of ETH, with holdings of 37,594 ETH, according to Arkham.

ETH treasury companies nether fire

FG Nexus isn’t unsocial successful feeling the symptom from an Ether downturn that has near galore ample firm treasuries profoundly underwater.

Bitmine Immersion Technologies, by acold the largest listed ETH holder with 4,422,659 ETH connected its books, is sitting connected paper losses estimated astatine astir $8.8 billion arsenic Ether trades good beneath its mean acquisition price, adjacent arsenic the institution continues to adhd to its stash. 

Related: ETHZilla liquidates $74.5M successful Ether to redeem convertible debt

Peter Thiel’s Founders Fund exited its involvement successful Ethereum treasury steadfast ETHZilla wholly past week, with ETHZilla’s banal present down astir 97% from its all‑time high, arsenic equity markets punish assertive Ether‑heavy strategies, with different companies actively unwinding.

Trend Research spent February slashing its Ether presumption connected Binance, selling 651,757 ETH for astir $1.34 cardinal connected Feb. 8, and locking successful an estimated realized nonaccomplishment of astir $747 million.

Bitcoin treasury plays consciousness the heat

The strain connected crypto treasury plays is not constricted to Ethereum. On Feb. 20, Bitcoin (BTC) treasury institution Metaplanet came nether occurrence from shareholders, accusing the institution of hiding losses and cardinal details of its Bitcoin bets.

Despite continued BTC purchases passim February, connected Wednesday, the largest listed proprietor of BTC, Strategy, became the most-shorted large-cap US stock according to information from Goldman Sachs, arsenic hedge funds turned bearish connected Saylor’s highly leveraged, Bitcoin‑centric equilibrium expanse model.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would beryllium Saylor’s liquidation — Santiment founder