Ethereum Treasury FG Nexus Large-Scale Reduction: Sold 2,500 ETH in 4 hours, with a total unrealized loss of $11.52 million

RektRecovery · 2026-01-20T01:20:12+00:00

Ethereum Treasury Company FG Nexus recently sold 2,500 ETH, totaling $8.04 million. This move indicates it is facing difficulties; since last year, the company has reduced its holdings by 13,475 ETH, with a total loss of $11.52 million. Currently, it has 37,594 ETH remaining on its books, with a market value lower than its holdings, reflecting market pessimism about its prospects.

RektRecovery

2026-01-20 01:20:12

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【Crypto World】On-chain analyst Yu Jin disclosed that Ethereum treasury company FG Nexus sold 2,500 ETH four hours ago, totaling $8.04 million.

This transaction reflects the current dilemma faced by the company. Looking back from August to September last year, FG Nexus made large-scale acquisitions at relatively high prices, accumulating 50,770 ETH at an average cost of $3,944, with a total investment of $200 million. However, as ETH prices declined, they have been forced to reduce their holdings. So far, the company has liquidated a total of 13,475 ETH, with an average price of $3,089, resulting in an unrealized loss of up to $11.52 million.

Currently, FG Nexus still holds 37,594 ETH on its books, valued at approximately $120 million at the current price. But from a fundamental perspective, their situation is not optimistic—mNAV is only 0.84, indicating that the company’s market capitalization has fallen below the value of the ETH they hold. This is a typical discount state, reflecting market pessimism about the institution’s future prospects.

ETH-3,89%

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GovernancePretender

· 11h ago

High-level takeover of 11.52 million directly evaporated, this is what is called "strategic planning"

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PaperHandsCriminal

· 11h ago

Haha, this is the legendary top-fool who bought in at a high point. An investment of $200 million resulted in being trapped with a loss of 11.52 million. This pace is incredible.

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GasFeeCrier

· 11h ago

High-position takeover with a floating loss of $11.52 million. This is the price of greed.

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ProxyCollector

· 11h ago

Oh my goodness, FG Nexus took a pretty heavy loss this time... 200 million invested and now cutting losses to exit, this is the price of high buy low sell.

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