FG Nexus, a corporate treasury firm focused on Ethereum accumulation, staking, and yield generation, offloaded 7,550 ETH worth about $14 million on Wednesday, continuing a pattern of asset sales that marks a sharp reversal from its earlier accumulation strategy, according to data tracked by Lookonchain.
Ethereum treasury firm FG Nexus(@FGNexusio) sold another 7,550 $ETH($14.06M) today.
In August and September 2025, they bought 50,770 $ETH($196M) at $3,860 avg.
On October 22, 2025, they announced plans to sell their property to buy more $ETH.
But less than a month later, they… pic.twitter.com/m5cFreTBQk
— Lookonchain (@lookonchain) February 25, 2026
The company, which rebranded from Fundamental Global, raised $200 million in mid-2025 through a private placement to launch an Ether-based treasury strategy. The move was backed by major digital asset investors, including Galaxy Digital, Kraken, Hivemind Capital, and Digital Currency Group.
Nasdaq-listed FG Nexus previously signaled plans to divest its real estate holdings to acquire even more ETH. However, in late 2025, the firm reversed course and began offloading tokens as prices declined.
The company disclosed holding over 40,000 ETH and approximately $25 million in cash and USDC as of December 17.
Including today’s transaction, FG Nexus has now sold over 21,000 ETH at an average price near $2,649, around 31% below its original cost basis.
FG Nexus currently retains around 30,000 ETH valued at approximately $53 million, leaving it with a total loss of over $80 million.
The trajectory of FG Nexus highlights the volatility risks facing corporations that concentrate balance-sheet reserves on a single digital asset, particularly as ETH prices have fallen from mid-2025 highs to below $2,000.
The second-largest crypto asset was trading at $1,919 at press time, up 5.5% in the past 24 hours, per CoinGecko.
