This Nasdaq Firm Chasing 10% of Ethereum (ETH) Supply Now Sits on an $85M Hit
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Nasdaq-listed Ethereum treasury firm FG Nexus reported cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount. The company bought 50,770 ETH for about $196 million at an average price of $3,860 between August and September 2025, underscoring token performance and treasury-management risks in crypto and DeFi.
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Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount.
According to data shared by blockchain analytics platform Lookonchain, the company acquired 50,770 ETH for around $196 million at an average price of $3,860 between August and September 2025.
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