FG Nexus Ditches Ethereum Treasury Strategy Amid Significant Losses

FG Nexus, a Nasdaq-listed company, has sold all of its Ethereum holdings, effectively ending its crypto treasury strategy. The move marks a significant shift in direction for the company, which had initially focused on Ethereum as its primary treasury asset.

In 2025, FG Nexus announced its digital-asset treasury strategy, making Ethereum the centerpiece. By the end of 2025, it held 40,093 ETH with an estimated fair value of approximately $119.4 million. However, by March 31, 2026, this had decreased to 20,637 ETH and 7,659 wrapped staked ETH, with a combined estimated fair value of about $60.7 million.

The company's exit from digital assets generated significant cash proceeds, with approximately $60.956 million received from Ethereum sales during the first half of 2026, and an additional $14.983 million in July. However, this liquidation also came with substantial losses, with a discontinued digital-asset operations loss of approximately $45.207 million, including a $41.167 million loss associated with its ETH digital assets.