FG Nexus Books $86.6M Loss on Ethereum Treasury Strategy

FG Nexus has reported an $86.6 million realized loss from its Ethereum treasury activity after buying and later selling large volumes of ETH during 2025.

The Nasdaq-listed firm built its position in August and September 2025, purchasing 50,770 ETH for approximately $196 million at an average price of $3,860 per token.

As market conditions weakened later in the year, FG Nexus reversed course and began unwinding its holdings in November 2025. It sold 51,145 ETH for about $109.4 million, at an average price of $2,138.

The difference between its acquisition costs and disposal proceeds resulted in a net loss of $86.6 million on the strategy.

Source: Lookonchain