FG Nexus Sells 2,500 ETH for $8.04M Amid Price Decline

2026-01-20 09:16

FG Nexus, an Ethereum treasury company, has sold 2,500 ETH valued at $8.04 million, according to on-chain analyst Yujin. This sale comes amid a decline in Ethereum's price. Previously, FG Nexus accumulated 50,770 ETH between August and September last year at an average price of $3,944, totaling $200 million. Since then, the company has sold 13,475 ETH at $3,089 each, incurring a loss of $11.52 million. FG Nexus currently retains 37,594 ETH, valued at $120 million, with a market net asset value (mNAV) of 0.84, indicating its stock market value is below the value of its ETH holdings.

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