FG Nexus Shares Fall 7% After $31M Ethereum Sale Funds Buyback

FG Nexus Inc. saw its share price drop over 7% following disclosure of a 10,922 ETH sale worth approximately $31 million. The Ethereum treasury company combined sale proceeds with a $10 million loan to repurchase roughly 3.4 million common shares at an average price of $3.45 per share. The buyback represents about 8% of outstanding stock under the firm's $200 million share repurchase program.