FG Nexus Vitalik Sells 7,550 Ethereum Down 11,422 ETH
TLDR
FG Nexus sold 7,550 Ethereum for around $14.06 million in one transaction. According to information shared by Lookonchain, the company transferred Ethereum to Galaxy Digital. FG Nexus previously earned 50,770 Ethereum at an average of $3,860 per token. The company has now sold more than 28,000 Ethereum after changing its fundraising strategy. Despite recent sales, FG Nexus still holds 37,594 Ethereum in its treasury. Vitalik Buterin sold 11,422 Ethereum as part of a plan to support open source development.
FG Nexus sold another 7,550 Ethereum in a single transaction, extending its ongoing clearing trend. The transfer comes as other key owners, including Vitalik Buterin, have also reduced their positions. These moves put a new focus on Ethereum's recent treasury activity and large owner transactions.
FG Nexus Extends Ethereum Liquidity Strategy
FG Nexus sold 7,550 ETH worth $14.06 million. Lookonchain cites Arkham Data and reports that the company has sent the tokens to Galaxy Digital.
The transaction is part of a broader phase of sales that began late last year. In the past, when market conditions changed, the company shifted from warehousing to permanent storage.
Between August and September 2025, FG Nexus bought 50,770 ETH for $196 million. The company paid an average price of $3,860 per token during that period.
After the October 10 market crash, the company announced plans to sell assets to fund additional Ethereum purchases. However, he changed that plan within weeks and began liquidating his possessions.
The company initially sold 21,025 ETH for $55.7 million. Now another 7,550 ETH sale followed the same strategy.
Despite recent sales, FG Nexus still holds 37,594 ETH. At current prices, these holdings are worth an estimated $73.62 million.
Ethereum is below the company's average purchase price of $3,860. As a result, the company has an undisclosed loss of more than 70 million dollars according to the information provided.
Vitalik Buterin and other large owners reduce the exposure of Ethereum
Vitalik Buterin has reduced his Ethereum holdings in recent weeks. He pledged to sell 16,384 ETH to support open source development projects.
So far Buterin has invested 11,422 ETH. That total includes the sale of 675 ETH reported yesterday.
Trend Research, another Ethereum fund company, completed a large liquidation on February 8. The company transferred 651,757 ETH to Binance to pay off the debt.
Arthur Hayes, co-founder of BitMEX, moved Ethereum to exchanges. He recently transferred 1,000 ETH to Bybit as part of a portfolio adjustment.
In contrast, Bitcoin continues to increase its holdings of Ethereum. The company announced the purchase of 51,162 ETH earlier this week.
Following that purchase, Bitmine now holds 4,422,659 ETH. The company stated that it aims to secure a 5% share of the total Ethereum supply.
