FG Nexus Drops $14M in ETH as Corporate Ethereum Vaults in Pain
FG Nexus, a publicly listed Ethereum treasury and infrastructure company, on Tuesday shed 7,550 ETH worth of its Ether treasury.
The latest sell-off adds to a series of sell-offs that saw more than $80 million in losses in Ether (ETH)'s 2025 highs.
Onchain data from Arkham shows that between August and September 2025, the organization accumulated 50,770 ETH worth $196 million at an average price of $3,860 per coin.
On October 22, the company doubled down on its ETH acquisition strategy, stating that it is interested in selling its Quebec assets.
As the market turned and the price of ETH dropped from more than $4,600 per coin in October to $2,700 per coin in November, the company started selling.
FG Nexus unloaded over 21,000 ETH for $55 million, resulting in a loss of over $80 million.
The company has seen FGNX's share price drop by 52% in the past month.
FG Nexus continues to be one of the largest holders of publicly traded ETH, with 37,594 ETH holdings, Arcam said.
ETH treasury companies are on fire
FG Nexus isn't alone in feeling the pain of Ether's collapse, which has left many large corporate treasuries in the water.
Bitmain Immersion Technologies, the largest listed ETH holder with 4,422,659 ETH on its books, is sitting on paper losses estimated at around $8.8 billion as Ether trades below its average price, although the company continues to add to its stock.
RELATED: ETHZilla Will Spend $74.5M in Ether to Reclaim Convertible Debt
Peter Thiel's Founders Fund completely divested its stake in Ethereum treasury firm ETZilla last week.Etzilla's stock is now down 97%.
Trend Research reduced its Ether position on February 8, selling 651,757 ETH for $1.34 billion on February 8, locking in an estimated loss of $747 million.
Bitcoin treasury games are feeling the heat
The pressure on crypto-treasury games is not limited to Ethereum. In the year On February 20, Bitcoin (BTC) treasury company Metaplanet came under fire from shareholders, who accused the company of hiding Bitcoin betting losses and key details.
Despite continued BTC purchases in February, on Wednesday, the largest listed BTC holder, Strategy, became the most shorted large-cap US stock, according to data from Goldman Sachs, as hedge funds became bearers of Saylor's highly leveraged, Bitcoin-centric balance sheet model.
Magazine: Bitcoin's Biggest Bull Trigger Will Be Saylor Liquidation – Sentiment Founder
