FG Nexus Sells 36,025 ETH After $196M Purchases as Treasury Losses Exceed $85M

FG Nexus reported more than $85 million in losses from its ethereum treasury plan after accumulating 50,770 ETH for about $196 million in August–September 2025 and later selling 36,025 ETH at lower levels. The firm started reducing its ether holdings in November 2025 and sold 36,025 ETH for roughly $83.92 million, leaving its treasury strategy down more than $85 million. In fiscal 2025, the company said total revenue was $2.4 million, including $1.5 million from ETH staking.