According to blockchain monitoring platform lookonchain, on February 25, Ethereum treasury firm FG Nexus sold 7,550 ETH, worth approximately $14.06 million at the time.
Back in August and September 2025, the company had acquired a total of 50,770 ETH at an average price of around $3,860, spending approximately $196 million.
On October 22, 2025, FG Nexus publicly announced plans to sell part of its real estate holdings to further increase its ETH holdings — a strategy that did not last long.
Less than a month later, the firm began reducing its ETH position, selling 21,025 ETH at an average price of $2,649 and raising around $55.7 million.
Currently, FG Nexus still holds 30,094 ETH, valued at approximately $57.5 million, meaning its overall position has suffered a paper loss of more than $82.8 million.
Strategy Under Scrutiny
The firm’s repeated ETH sales contradict its earlier bullish stance, raising questions about its investment decisions.
- Purchased at market highs and later sold at lower prices
- Losses exceeding $80 million indicate major miscalculations
- Investors now question the firm’s crypto asset management approach