FG Nexus transferred 10,000 Ether, worth approximately $17.8 Million. This is part of a series treasury sale that has reduced the Ethereum holdings at the company. The asset currently trades for more than half the average price.
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- FG Nexus sold another 10,000 ETH, worth approximately $17.8 Million. This is part of a treasury sale that began after the previous disposal of over 21,000 ETH.
- Ether is currently trading at a price 54% lower than the average purchase of FG Nexus, which was $3,860. This means that FG Nexus has lost more than $100,000,000 in its original investment.
- Despite the recent decline in Ether’s price, BitMine continues to increase its Ether holdings.
Arkham identified data from onchain that indicated a wallet connected to Nasdaq’s Ethereum.ETHThe Treasury Company moved 10,000 Ethereum on Wednesday. Transfer follows previous disposals of over 21,000 ETH sold for $55 Million.
Transfers to and from FG Nexus wallet. Source: Arkham.
Corporate filings reveal that FG Nexus has accumulated 50.770 ETH. between The average price per coin will be $3,860 between August 2025 and September 2025. CoinGecko’s data shows that Ether is trading for around $1.765 as of this reporting. The company’s initial position, which was valued at $100 million, has decreased by nearly 100 millions of dollars.
Stock prices have also been affected by market pressure. Yahoo Finance showed that FG Nexus’s shares dropped 13.40% to $7.11 in premarket trading on Thursday after closing Wednesday at $8.21.
In December 2025, the company’s public disclosures showed that it held about 40 093 ETH. In the years since, FG Nexus did not comment publicly on the transactions identified by the blockchain tracking services. And subsequent company announcements have also not mentioned these transfers.
The approach of institutional buyers is different
Despite Ethereum’s recent price drop, several public companies continue to invest in treasury Ethereum strategies.
BitMine, one of the biggest buyers in recent years, recently increased its position by making a purchase worth approximately $52,000,000. It is the biggest publicly listed corporate Ethereum holder, with more than 5.4 millions ETH.
BitMine has also revealed plans to issue preferred dividend-paying shares on Wednesday, adding a new funding mechanism for its Ethereum acquisition strategy.
Ethereum’s future remains an issue of discussion among analysts and investors.
David Hoffman, co-founder of Bankless and a former Bankless employee, was in May. disclosed After concluding that there was no longer any interest in the long-running Ethereum project, he sold his ETH. “ETH is money” The investment thesis was largely mature. Hoffman argued in a blog post for X that Ethereum is still proving to be a successful infrastructure for layer-2 networks and decentralized apps, as well as stablecoins.
As Ethereum’s ecosystem expanded, his remarks came at a time when the cryptocurrency market was booming. According to data previously published by the industry, Ethereum’s stablecoin provision reached a new record of $180 billion earlier this year. That is almost 60% more than global stablecoin provision.
Some remain confident about Ether despite the recent price fluctuations. Standard Chartered reaffirmed last week its $40,000 Ether long-term price target. It cited strengthening network fundamentals and rising onchain activities, as well as Ethereum’s continuing position in decentralized financial.
The bank said that Ethereum was at a similar stage of development to Amazon in its initial growth years, and that the current market values haven’t fully taken into account these underlying trends.
Recent data on the market has highlighted some areas for caution. Glassnode May’s analysis identified ShayanMarkets, a contributor to Santiment, reported a weakening derivatives sentiment via a decreasing Ethereum Taker Buy/Sell Ratio.
Despite those worries, there has been a continued accumulation among large institutional holders. This leaves corporate Ethereum Treasury divided into companies that are reducing their exposure, and others who continue to increase bets.
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Source: crypto.news
