FG Nexus sells all Ethereum and switches to real estate

Nasdaq-listed FG Nexus is pulling the plug on its Ethereum strategy, less than a year after the company started it. It will sell all its digital assets before 30 June and will hold no crypto by the end of the quarter. The company is now focusing on real estate.

Ethereum is available at OKX and Bybit.

At a glance:

• FG Nexus is selling all its Ethereum before 30 June and will hold no crypto.
• The discontinued crypto operations result in a total loss of more than $45 million.
• The company plans to deploy its capital in real estate projects going forward.

From more than 50,000 ETH to zero

FG Nexus, formerly known as Fundamental Global, announced its Ethereum strategy in July 2025 and started the accompanying operations a month later. At its peak, the company held more than 50,000 ETH. That position has now been fully wound down, according to an SEC filing dated 12 August.

In the first half of this year, FG Nexus received $60.9 million in cash from the sale of Ethereum. A further $14.9 million that had previously been outstanding was added in July. The Ethereum price stands at $1.870 at the time of writing, down 0.9% over the past 24 hours.

$45 million loss on crypto venture

The company’s written-off crypto arm closes with a total loss of $45.2 million. The lion’s share, $41.2 million, is attributable to the ETH positions themselves. Staking proceeds are negligible: over the entire period, the company generated just $144.000 in staking income.

The company attributes the wind-down to a broader market downturn that is hitting companies with a similar approach hard this year. FG Nexus is not unique in this: more companies are seeing their crypto strategies come under pressure. By comparison, Bitcoin ETF products have also recently seen outflows.

Capital moves into real estate

FG Nexus plans to deploy its freed-up capital in real estate, including ground lease projects for prefabricated homes. That is a major shift in direction for a company that, barely a year ago, was fully committed to crypto.

No concrete agreements are in place yet. The company indicates that a potential transaction is still at an early stage and that no definitive agreement is on the table. Whether the move into real estate will prove more profitable than the crypto strategy remains to be seen.