Last updated on March 5th, 2026 at 07:53 pm
FG Nexus (Nasdaq: FGNX, FGNXP), the U.S.-listed firm positioning itself as a major corporate holder of Ethereum, sold 7,550 ETH today for about $14.06 million. This continues a trend of selling that has wiped out much of its earlier gains. The company now holds 30,094 ETH valued at roughly $57.5 million, down from a peak position of 50,770 ETH acquired in August and September 2025 for about $196 million at an average price of $3,860.
The sales come after FG Nexus announced on October 22, 2025, a non-binding letter of intent to sell its Quebec property for $10 million, with plans to use roughly $8 million in net proceeds to repay debt and repurchase shares or add to its ETH position. Less than a month later, the firm reversed course and began selling ETH, offloading a total of 21,025 ETH at an average price around $2,649, resulting in a cumulative realized loss of $82.8 million on the treasury activity.
Ethereum treasury firm FG Nexus(@FGNexusio) sold another 7,550 $ETH($14.06M) today.
In August and September 2025, they bought 50,770 $ETH($196M) at $3,860 avg.
On October 22, 2025, they announced plans to sell their property to buy more $ETH.
But less than a month later, they… pic.twitter.com/m5cFreTBQk
— Lookonchain (@lookonchain) February 25, 2026
Early buys followed by heavy selling
FG Nexus built its ETH treasury aggressively last year, reaching 50,770 ETH by late September 2025, with recent purchases including 747 ETH at $4,016. The strategy mirrored corporate Bitcoin treasury plays, aiming to become a dominant stakeholder in the Ethereum ecosystem while benefiting from staking rewards.
Losses mount as strategy shifts
The latest sale pushes total ETH offloaded to more than 40% of the peak position. At current levels, remaining holdings are worth far less than the original investment cost, highlighting the volatility risk for corporate treasuries in altcoins. FG Nexus has not issued a formal update on today’s transaction, but the moves suggest a tactical retreat from aggressive accumulation amid weaker market conditions.
Notably, Nexus paid out over $95,000 in claims following Stream Finance’s $93 million loss, underscoring the growing importance of on-chain coverage in DeFi.
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