FG Nexus Ends Ethereum Treasury Strategy, Sells All Digital Assets
2026-08-14 09:41:08
According to CoinMeta, NASDAQ-listed company FG Nexus sold all its digital assets by June 30, and no longer held any cryptocurrencies at the end of the period, thus ending its Ethereum treasury strategy which had been in place for less than a year. The company's peak holdings once exceeded 50,000 ETH. In the first half of the year, ETH generated sales revenue of $60.956 million in cash, with an additional $14.983 million in receivables to be collected in July. The overall loss from its digital asset business amounted to $45.207 million, of which ETH digital assets resulted in a loss of $41.167 million, while the income from staking was only $144,000. The company plans to reallocate these funds to real estate projects such as land leased prefabricated residences, and the related potential transactions are still in the preliminary review stage, with no final agreements yet reached.
Source:CryptoSlate
This content is for market information only and does not constitute investment advice.
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