FG Nexus Sells 3,375 ETH as Losses Top $86.8M Amid Ongoing Sell-Off

Nasdaq-listed Ethereum treasury firm FG Nexus has sold an additional 3,375 ETH, valued at approximately $5.34 million, as part of its ongoing reduction in holdings.

The latest transaction follows its initial purchase of 50,770 ETH for about $196 million. Since then, the company has gradually scaled back its position, bringing total ETH sold to 41,675 coins and cumulative proceeds to roughly $94.51 million. Overall losses tied to the strategy have now surpassed $86.8 million.

The continued selling activity comes against a backdrop of weaker market conditions, with Ethereum down around 4% over the past week and trading near $1,583 at the time of reporting.

Source: Onchain Lens