Ethereum Treasury Firm FG Nexus Sells 7,550 ETH, Realizing Large Losses as Share Buyback Continues
FG Nexus, a Nasdaq-listed Ethereum treasury and infrastructure firm, sold 7,550 ETH (~$14M) on Feb 25, 2026, adding to prior disposals that have produced roughly $82.8M in realized losses. The firm accumulated 50,770 ETH in Aug–Sep 2025 at an average entry near $3,860 per ETH (~$196M). It previously liquidated 21,025 ETH at an average around $2,649 and, after the latest sale, holds about 30,094 ETH (≈$57.5M). CEO Kyle Cerminara says proceeds are being used to fund a $200M share buyback program; the company has repurchased nearly 10M shares while the stock has plunged sharply from 2025 highs. Market context: ETH trades roughly $1,900–$1,940, down about 50% from FG Nexus’s entry price, and analysts are eyeing $1,700 as key support. Social-media commentary criticises the timing of FG Nexus’s buys and sells; traders note continued selling pressure from large holders is weighing on Ether. For traders: this sell-off increases short-term supply pressure on ETH and highlights execution risk from corporate treasuries managing liquidity. Key trading levels to watch are $1,700–$1,900; monitor further corporate liquidations, buyback funding flows, and on-chain outflows for near-term price direction.
Bearish
The news is bearish for ETH. FG Nexus’s additional sale of 7,550 ETH compounds prior large disposals and realised losses, increasing short-term supply pressure. The firm bought at an average near $3,860 and has been selling into much lower prices; that creates market signalling risk—other corporate treasuries may also liquidate to meet buybacks, debt or liquidity needs. ETH’s current price (~$1,900–$1,940) sits well below FG Nexus’s entry and the cited $1,700 support is now the immediate downside level to watch. Short-term impact: heightened volatility and downward pressure as traders absorb increased supply and monitor for further institutional selling and on-chain outflows. Medium-to-long-term impact: depends on whether disposals are one-off liquidity operations (supported by buybacks) or the start of sustained treasury unwinds by multiple holders. If selling continues among large holders, structural supply pressure could suppress rallies and keep sentiment weak. Key indicators to track: further corporate treasury movements, on-chain transfer volumes, exchange inflows, and whether buyback programs reduce or increase net sell pressure.