FG Nexus sells another 10,000 ETH, total loss exceeds $100 million
2026-06-04 10:55
Odaily reports that a wallet (0x4a2...b82) labeled by Arkham as belonging to Nasdaq-listed company FG Nexus transferred 10,000 Ethereum, worth approximately $17.8 million, on Wednesday. Between August and September 2025, FG Nexus accumulated 50,770 Ethereum at an average price of $3,860, with a portfolio value at the time of approximately $196 million.
As the price of Ethereum has fallen to around $1,765, the company has incurred realized and unrealized losses exceeding $100 million on its original investment. As of Thursday's pre-market trading, FG Nexus shares were down 13.40% to $7.11.
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