FG Nexus, a Nasdaq-listed Ethereum treasury firm, has started selling their ETH amid market drawdown. The firm began buying ETH just last year and now their strategy seems to have taken an u-turn as ETH falls to multi-month lows.
Citing Arkham data, onchain data tracking platform Lookonchain noted that the firm sold 7,550 ETH for $14 million. The Ethereum treasury company started selling ETH in the past month and has offloaded approximately 21,025 ETH ($55.7M) at an average price of roughly $2,649.
In August and September 2025, FG Nexus bought 50,770 ETH for $196 million at an average price of $3,860. At the time, the company shared plans to sell their property to buy more ETH, but the firm has not begun selling their assets without disclosing any prior public notices.
Currently, onchain data shows that they hold 30,094 ETH, worth approximately $57.5 million, digesting a total loss of $82.8 million on their total investment.
At the time of publishing, ETH is trading near $1,915, up 4.87% in the past 24 hours—as per CoinMarketCap data.
The news comes in time when Ethereum developer and co-founder Vitalik Buterin catches market wide attention from the crypto community, with him continually selling ETH from his holdings.
Also read: Tron Hits 994M Transactions in Q4 2025 with Flooding On-Chain Activity
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