FG Nexus has intensified its pullback from the cryptocurrency market, liquidating an additional 10,000 Ether (ETH) for an estimated $17.8 million. This latest move has propelled the company’s cumulative losses beyond the staggering $100 million mark, marking a critical pivot as the Nasdaq-listed firm reassesses its exposure to Ethereum's ongoing price fluctuations.
Data from blockchain analytics provider Arkham reveals that a wallet linked to FG Nexus executed the transaction on Wednesday. This sale comes on the heels of earlier disposals that saw the firm part with over 21,000 ETH, valued at approximately $55 million. FG Nexus had previously amassed 50,770 ETH between August and September of 2025, acquiring the cryptocurrency at an average price of $3,860 per coin, which translated to a valuation of nearly $196 million at the time of purchase.
With Ether currently hovering around $1,765, the digital asset has experienced a dramatic decline of approximately 54% from FG Nexus's entry point. This drop has resulted in unrealized losses that raise questions about the firm’s initial investment strategy and its future in the Ethereum market.
As of December 2025, FG Nexus reported holding about 40,093 ETH, yet the company has remained silent regarding the implications of these recent transactions. Despite numerous attempts for clarification, Cointelegraph has not received a response from FG Nexus on the matter, leaving stakeholders in the dark about the firm’s strategic direction.
In stark contrast to FG Nexus’s selling spree, other institutional holders of Ether are continuing to expand their investments. Prominent among them is BitMine, the largest publicly-traded Ether holder with over 5.4 million ETH. The company recently made headlines with a $52 million Ether purchase and announced plans to issue dividend-paying preferred shares to enhance its treasury support.
Despite the current struggles, some analysts are expressing optimism regarding Ether’s long-term outlook. Standard Chartered recently reiterated its bullish price prediction, maintaining a target of $40,000 for Ethereum, citing strengthening network fundamentals and a growing onchain activity as indicators that the asset remains undervalued.
The current market dynamics raise crucial questions about the future trajectory of Ethereum and the strategies being employed by corporate stakeholders. As FG Nexus grapples with its losses, will it reconsider its approach to the evolving blockchain landscape?
For now, the focus remains on the broader implications of these market movements and the capacity of Ethereum to bounce back amidst ongoing volatility.
Source: Cointelegraph
Source: CoinTelegraph Ethereum
