FG Nexus Abandons Ethereum Treasury Strategy After $45.2M Loss

FG Nexus, a Nasdaq-listed company, has made a surprising exit from its Ethereum treasury strategy, selling off its entire crypto portfolio. The move comes less than a year after the company began accumulating ETH in July 2025, initially seeking to generate additional returns through staking and real-world asset tokenization.

The company's cryptocurrency exposure was substantial, with over 50,000 ETH accumulated by September 2025. However, as Ether prices weakened, FG Nexus continued to reduce its holdings, eventually selling all of its digital assets by June 30, 2026.

The financial cost of the decision is significant, with the company reporting a $45.2 million operating loss from its discontinued digital-asset operations during the first half of 2026. This includes approximately $41.2 million in losses on ETH and $2.8 million in impairment charges related to wrapped staked Ether.

FG Nexus is now redirecting capital toward income-producing real estate, with a focus on land-lease manufactured housing properties. The company's board has authorized management to exit the digital-asset business and establish a real estate operating subsidiary.