ETH Treasury FG Nexus don record loss of $85M after dem dump ETH
Nasdaq-listed ETH treasury firm FG Nexus don book cumulative losses wey pass $85 million wey relate to dia ETH strategy, after dem sell big part of dia ETH holdings for discount.
According to Lookonchain data, FG Nexus buy 50,770 ETH for about $196 million for Aug–Sep 2025 at average price of about $3,860. After ETH sharply weak from above $4,600 for October to around $2,700 by November, the firm start reduce exposure and sell 36,025 ETH at average price of about $2,330—turning the move into realized losses. The remaining treasury still hold about 14,745 ETH, so the position dey underwater overall.
The report still note fiscal impact outside crypto: FG Nexus shares close at $7.11, down 13.4% that day and about 48% year-to-date. E put FG Nexus inside bigger group of ETH treasury players wey dey pressure because Ether price don fall.
For traders, na reminder say ETH treasury selling pressure fit amplify downside during volatility. Until funding/flows and on-chain activity stabilize around key levels, sentiment fit remain cautious.
Bearish
Dis mata we bad for ETH because FG Nexus dem unwind dia ETH treasury by buy ETH for much higher prices den sell am into a market we don weak, leav the remaining ETH position underwater. Such treasury behavior fit create steady sell-side pressure during volatility, and e go weigh down short-term sentiment. For long term, the impact depend on whether the firm and other ETH treasury players go stabilise their exposure, but until flows/funding and on-chain participation improve, similar drawdown cycles fit keep ETH rallies capped.