Loss of $86.6 Million: FG Nexus Ethereum Treasury Bets Sold 51,145 ETH

According to Lookonchain monitoring, FG Nexus purchased 50,770 ETH at an average price of $3,860 between August and September 2025, valued at $196 million; it subsequently began selling in November 2025, offloading 51,145 ETH at an average price of $2,138, valued at $109.4 million, resulting in a total loss of $86.6 million.