What to Know
- FG Nexus transferred 10,000 ETH, extending ongoing treasury reduction efforts.
- Ethereum remains 54% below FG Nexus average purchase price.
- BitMine continues accumulating Ether while FG Nexus reduces holdings further.
Ethereum treasury firm FG Nexus moved another 10,000 ETH from a wallet linked to the company on Wednesday, extending a series of treasury sales that have steadily reduced its holdings. According to onchain data tracked by Arkham, the latest transfer carried an estimated value of approximately $17.8 million. The transaction follows earlier disposals that saw the Nasdaq-listed company move more than 21,000 ETH from its treasury. Those previous sales generated roughly $55 million and increased attention on the firm’s Ethereum strategy as the asset continues trading well below its 2025 highs.
FG Nexus accumulated 50,770 ETH between August and September 2025 at an average purchase price of $3,860 per coin. The company spent nearly $196 million building the position during that period when institutional interest in Ethereum treasury strategies was growing. However, Ethereum’s market performance has changed significantly since then. CoinGecko data shows ETH trading near $1,765 at the time of writing. Consequently, the asset remains about 54% below FG Nexus’ average purchase price.
Current market prices place the company’s original Ethereum investment more than $100 million below its acquisition value. The latest sale therefore highlights the challenges facing firms that accumulated large digital asset positions near market peaks.
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Arkham’s blockchain tracking data has identified several transactions connected to FG Nexus in recent months. Company disclosures showed holdings of approximately 40,093 ETH in December 2025, though recent wallet activity suggests the balance has continued shrinking. Moreover, FG Nexus has not publicly commented on the purpose of the latest transfers.
Source : Arkham
Recent company statements have also not addressed the Ethereum movements identified by blockchain analytics platforms. Market participants reacted negatively to the latest developments. FG Nexus shares fell 13.40% in pre-market trading on Thursday and changed hands at $7.11. The stock had closed the previous trading session at $8.21.
Other Institutional Holders Take a Different Approach
FG Nexus’ recent sales contrast with the strategy adopted by several major corporate Ethereum holders. While the company has been reducing exposure, other firms continue expanding their positions despite Ethereum’s prolonged decline. BitMine, currently the largest publicly traded holder of Ether, recently purchased approximately $52 million worth of ETH. Additionally, the company unveiled plans to issue dividend-paying preferred shares to support its Ethereum treasury strategy.
Several market observers also remain optimistic about Ethereum’s long-term outlook. Standard Chartered recently reaffirmed its long-term $40,000 Ether price target while pointing to improving network fundamentals. The bank cited rising onchain activity and Ethereum’s continued dominance across decentralized finance markets. Furthermore, analysts argued that current market valuations do not fully reflect those underlying trends.
FG Nexus has extended its Ethereum selloff with another 10,000 ETH transfer, bringing additional attention to the company’s treasury strategy. While several institutions continue accumulating Ether, FG Nexus appears to be moving in the opposite direction as it reduces holdings during a difficult period for the asset.
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