{"id":73559,"date":"2026-06-04T19:20:42","date_gmt":"2026-06-04T19:20:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fg-nexus-dumps-36025-eth-as-ethereum-treasury-losses-top-85m\/"},"modified":"2026-06-04T19:20:42","modified_gmt":"2026-06-04T19:20:42","slug":"fg-nexus-dumps-36025-eth-as-ethereum-treasury-losses-top-85m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fg-nexus-dumps-36025-eth-as-ethereum-treasury-losses-top-85m\/","title":{"rendered":"FG Nexus Dumps 36,025 ETH as Ethereum Treasury Losses Top $85M"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">FG Nexus bought 50,770 ETH for $196M in 2025, then sold 36,025 ETH at lower prices.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">FG Nexus realized losses above $85M, highlighting risks in ethereum treasury strategies.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Everstake data suggests ETH firms increasingly rely on staking as markets stay challenging.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>FG Nexus\u2019 $196M Ethereum Bet Backfires as Losses Surpass $85M<\/h2>\n<p>FG Nexus is facing steep losses from its ethereum treasury strategy after buying heavily into ether in 2025 and later selling much of the position into a weaker market.<\/p>\n<p>The Nasdaq-listed company acquired 50,770 <span>ETH<\/span> between August and September 2025 for about $196 million with an average purchase price of $3,860 per token. The trade has since moved sharply against the company.<\/p>\n<p>FG Nexus began selling ether in November 2025 and just sold 36,025 <span>ETH<\/span> for about $83.92 million, according to on-chain data shared by <a href=\"https:\/\/x.com\/lookonchain\/status\/2062375628092142031?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">Lookonchain<\/a>. The average sale price was $2,330 per <span>ETH<\/span>. That leaves cumulative losses on the company\u2019s ethereum treasury strategy above $85 million.<\/p>\n<figure id=\"attachment_819996\" aria-describedby=\"caption-attachment-819996\" style=\"width:1640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/fg-nexus-dumps-36025-eth-as-ethereum-treasury-losses-top-85m_nwmk.jpeg?X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&amp;X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIARQKIT2TMGZBKV2L6%2F20260604%2Fus-east-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260604T102512Z&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Expires=600&amp;X-Amz-Signature=a28e8cd78d7d994e8a1de3a75f30d679027e1e17146c990281ac4ffbe918a685\"><\/a><figcaption id=\"caption-attachment-819996\" class=\"wp-caption-text\">Source: Arkham<\/figcaption><\/figure>\n<p>FG Nexus had previously described <span>ETH<\/span> as its primary treasury reserve asset. That made its balance sheet more exposed to ethereum\u2019s price action at a time when several public companies were trying to position themselves as <span>crypto<\/span> treasury vehicles.<\/p>\n<p>The losses show the risk of that model. Ether treasury companies can benefit when prices rise, but their equity story can weaken quickly when token prices fall or when firms are forced to sell below their acquisition cost.<\/p>\n<p>The broader sector has already been under pressure. A recent Everstake <a href=\"https:\/\/news.bitcoin.com\/eth-treasury-firms-rely-on-staking-revenue-as-losses-top-1-4b-everstake-says\/\">study<\/a> found that publicly listed ether treasury firms are dealing with a tougher market, with <span>staking<\/span> emerging as one of the few consistent revenue sources.<\/p>\n<p>For FG Nexus, <span>staking<\/span> has played a meaningful role in revenue generation. The company reported $2.4 million in total revenue for fiscal 2025, with <span>ETH<\/span> <span>staking<\/span> accounting for $1.5 million of that amount.<\/p>\n<p>That means <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> represented most of the company\u2019s reported revenue, even as the value of its ether treasury declined. The contrast points to a wider challenge across the sector: yield can help support operating income, but it may not be enough to offset large mark-to-market losses or poorly timed treasury sales.<\/p>\n<p>FG Nexus\u2019 experience also reflects a shift in how investors are judging digital asset treasury companies. Holding <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> is no longer enough. Markets are increasingly focused on cost basis, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-staking\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">staking<\/a> yield, and whether management can grow net asset value per share through a full market cycle.<\/p>\n<p>For now, FG Nexus stands as a cautionary example. The company moved early and aggressively into ethereum, but its realized sales show how quickly a treasury strategy can turn from a growth narrative into a balance-sheet burden.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/fg-nexus-dumps-36025-eth-as-ethereum-treasury-losses-top-85m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways FG Nexus bought 50,770 ETH for $196M in 2025, then sold 36,025 ETH at lower prices. FG Nexus realized losses above $85M, highlighting risks in ethereum treasury strategies. Everstake data suggests ETH firms increasingly rely on staking as markets stay challenging. FG Nexus\u2019 $196M Ethereum Bet [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":73560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73559"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73559"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73560"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}