FG Nexus suffers more than $85 million loss on Ethereum strategy

The Nasdaq-listed company FG Nexus is posting heavy losses on its Ethereum treasury strategy. The company bought tens of thousands of ETH in 2025, but the price of Ethereum has fallen sharply since then. The cumulative loss has now risen to over $85 million.

Ethereum is available at OKX and Bybit.

Massive purchase followed by heavy losses

Between August and September 2025, FG Nexus bought a total of 50,770 Ethereum for approximately $196 million. The average purchase price was $3.860 per ETH. At that time, the company regarded ETH as its primary reserve asset in the treasury.

However, from November 2025, FG Nexus began selling. So far, the company has sold back 36,025 ETH at an average selling price of just $2.330, This raised about $83.92 million, while the original investment in those coins was significantly higher. The Ethereum price stands at $1.768,60 at the time of writing, down 5.5% in the past 24 hours, which does not improve the situation.

Broad pattern of exiting Ethereum

FG Nexus is not alone in its disappointment with ETH. For example, crypto influencer David Hoffman has also recently sold all his Ethereum and diversified into other altcoins. The Ethereum price has been stuck below $2.000 for some time, worrying many investors about the future of the world’s third-largest cryptocurrency.

FG Nexus’s transactions are visible via on-chain data from Arkham, which shows how the company recently sold another 10,000 ETH twice for $18.38 million and $18.12 million respectively. Earlier, six days ago, the company also sold 5,000 ETH twice for roughly $10.06 million each. For more background on developments around Ethereum, see the latest Ethereum news.