- Ethereum treasury company FG Nexus has sold 7,550 ETH today.
- The company is now facing $82.8 million in realized and unrealized losses.
- This comes amid the ongoing bearish trend of Ethereum, as it trades below the $2k level.
FG Nexus, a Nasdaq-listed Ethereum treasury company, is facing growing losses as it continues to sell its Ether holdings. On February 25, the company offloaded 7,550 ETH, worth around $14 million, marking another major step in a series of sales that started last year.
Once a high-conviction Ethereum treasury play, the firm is now facing a combined realized and unrealized loss of $82.8 million. This massive loss comes due to the ETH sales amid the ongoing bearish market trends.
FG Nexus Dumps ETH Amid $82.8M Losses
According to an X post by Lookonchain earlier today, FG Nexus, a corporate Ethereum treasury firm, sold 7,550 ETH, valued at around $14 million, on Wednesday. As these sales come as part of the company’s broader Ethereum sell-off strategy, it highlights a clear shift in its earlier approach to ETH.
The latest Ethereum sale adds to a growing list of dumps, which total 7,550 ETH. These tokens were sold at an average price of $2,649. This is marked roughly 31% below the company’s original ETH purchase price. This underscores the intensity of the loss the Ethereum treasury company has faced.
Even after making these massive Ether sales, FG Nexus still holds about 30,000 tokens, worth around $53 million at current prices. This leaves the company with a total loss of more than $80 million.
Unveiling the Ambitious Ethereum Accumulation Strategy
FG Nexus’s Ethereum accumulation plans could be traced back to August and September 2025, when the company made its first ETH purchase. During that time, the firm bought 50,770 tokens for around $196 million at an average price of $3,860 per coin. The company also promoted a bold plan of connecting the altcoin with Wall Street capital.
As per reports, the company saw ETH as a long-term reserve asset and highlighted opportunities like staking and tokenization as part of its broader crypto strategy. At that time, FG Nexus was seen by experts as a possible “Ethereum version” of corporate Bitcoin treasury models, signaling strong confidence in the token.
Initially, the firm even planned to sell some of its real estate holdings to buy more ETH. But by late 2025, the platform changed course and started selling its holdings as the market crashed. By December 17, the firm reported holding over 40,000 ETH after selling more than 10,000 tokens.
Thus, the change in strategy shows the risks companies face when they invest a large amount into a single cryptocurrency. Larger crypto treasury companies like Michael Saylor’s Strategy and Tom Lee’s BitMine have also seen major unrealized losses amid the prevailing crypto market crash. But they are not planning to sell their tokens, as they remain confident in the long-term potential of cryptocurrencies like Bitcoin and Ethereum.
Ethereum Price Rebounds Today
The Ethereum treasury company’s token sale and the subsequent losses occurred amid the ongoing crypto market downturn. Ether is one of the largest losers, falling by more than half, as it slid from the peak of $4,800 to below $2,000.
As of now, Ether is valued at $1,941, signalling a recovery. In a single day, the token rose by nearly 7%. However, it is still down by 1.98% and 33% over the past week and month, respectively.
