Home FG Nexus Dumps $14M Ether As Treasury Bet Backfires

FG Nexus Dumps $14M Ether As Treasury Bet Backfires

Share
FG Nexus Dumps $14M Ether As Treasury Bet Backfires
News
Share

FG Nexus, a publicly listed Ethereum treasury and infrastructure company, liquidated another portion of its Ether treasury on Tuesday. It offloaded 7,550 ETH worth approximately $14 million.

The most recent transaction is one of several disposals that have locked in losses of almost $80 million on a position that was built close to Ether’s 2025 highs.

Between August and September of 2025, the firm amassed 50,770 ETH, or around $196 million, at an average price of $3,860 per coin, according to onchain data from Arkham.

On Oct. 22, the company doubled down on its ETH accumulation strategy and announced its intention to sell its Quebec property to accumulate more ETH.

As the market turned and the ETH price fell from its October highs of over $4,600 per coin to around $2,700 in November, the company began selling.

FG Nexus has offloaded just over 21,000 ETH for about $55 million and netted a loss of more than $80 million.

The company has also seen its share price for FGNX drop roughly 52% over the past month.

FG Nexus remains one of the largest publicly traded owners of ETH, with holdings of 37,594 ETH, according to Arkham.

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

Bitcoin & Ethereum Prices Fall After Hawkish Fed Decision Despite Trump-Iran Peace Deal
News

Bitcoin & Ethereum Prices Fall After Hawkish Fed Decision Despite Trump-Iran Peace Deal

Bitcoin price dropped while Ethereum also fell after the U.S. Federal Reserve maintained interest rates but signaled a more hawkish stance on...

Bitcoin Miner IREN Expands Into Europe With Spanish Data Centre Acquisition
News

Bitcoin Miner IREN Expands Into Europe With Spanish Data Centre Acquisition

Bitcoin mining company IREN has entered the European market by buying Spanish data centre developer Nostrum Group. This move strengthens IREN’s push...

CoinMENA Partners With Standard Chartered To Strengthen UAE Crypto Payment Rails
News

CoinMENA Partners With Standard Chartered To Strengthen UAE Crypto Payment Rails

CoinMENA has partnered with Standard Chartered to strengthen fiat payment rails and improve banking infrastructure for crypto users in the UAE. The...

Senators Push Treasury To Include States In GENIUS Act Stablecoin Framework
News

Senators Push Treasury To Include States In GENIUS Act Stablecoin Framework

A bipartisan group of U.S. senators is asking the Treasury Department to give clearer guidance on how state regulators can help implement...

Latest Blogs

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days because of the ease of launching them, the scope of...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early 2023, reaching $33.78 billion in May 2026? That’s quite big,...

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and rather amusing part of digital coins that thrive on community...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career in next generation internet, AI and Web3. The good news...

Related Articles

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early...

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career...