FG Nexus dumped all its Ethereum at a $45 million loss to buy mobile home parks—after earning just $144,000 in staking rewards
FG Nexus has exited its Ethereum treasury strategy and is shifting toward real estate, especially land-lease manufactured housing and possibly affordable housing through a combination with FG Communities. In an Aug. 12 SEC filing, the Nasdaq-listed firm said it sold all digital assets before June 30 and held no crypto at quarter-end. It previously launched the ETH strategy in 2025 and once held over 50,000 ETH, but began unwinding it amid a broader downturn in digital-asset treasury companies. The first half results show the strategy was costly: $144,000 in staking revenue versus a $45.207 million loss from discontinued digital-asset operations, contributing to a roughly $56.9 million consolidated net loss. The company received $60.956 million in cash proceeds from ETH sales and had another $14.983 million receivable collected in July. The board says it plans to redeploy capital from digital assets into cash-flowing real estate, though the FG Communities deal is still under review and not finalized.
