Wu Blockchain (@WuBlockchain): FG Nexus Losses on Ethereum Treasury Strategy Top $85 Million

FG Nexus Losses on Ethereum Treasury Strategy Top $85 Million Nasdaq-listed Ethereum treasury firm FG Nexus bought 50,770 ETH for about $196 million at an average price of $3,860 between August and September 2025, before beginning to sell in November. It has now sold 36,025 ETH at an average price of $2,330, recovering about $83.92 million, with cumulative losses on its Ethereum treasury strategy exceeding $85 million. FG Nexus previously described ETH as its primary treasury reserve asset. https://x.com/lookonchain/status/2062375628092142031?s=20