FG Nexus offloads additional $17.8M Ether as losses top $100M
A wallet linked by Arkham to FG Nexus moved another 10,000 ETH, continuing a selloff that began after the company built a large Ethereum treasury in 2025. The latest transfer was worth about $17.8 million, and earlier sales had already reduced more than 21,000 ETH for roughly $55 million. FG Nexus accumulated 50,770 ETH in August–September 2025 at an average cost of $3,860, but Ether later fell to around $1,765, leaving its original position down more than $100 million in value. FG Nexus shares also fell 13.4% pre-market on Thursday. The company disclosed about 40,093 ETH in December 2025 and has not publicly explained the recent transfers. Other institutional Ether holders have continued accumulating despite the price decline, including BitMine, while some analysts and Standard Chartered remain bullish on Ether’s long-term outlook.
