Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount.<\/p>\n
According to data shared by blockchain analytics platform Lookonchain, the company acquired 50,770 ETH for around $196 million at an average price of $3,860 between August and September 2025.<\/p>\n
The pressure has also been reflected in FG Nexus\u2019 stock performance. The latest market data shows the shares closed at $7.11, down 13.4% on the day, after losing roughly 48% of its value so far this year.<\/p>\n
FG Nexus had previously adopted ETH as its primary treasury reserve asset. The company officially started<\/a> its accumulation program on July 30, 2025, by acquiring 6,400 ETH, exactly on the 10th anniversary of Ethereum\u2019s genesis block. It then increased its exposure through a series of additional acquisitions. CEO and Chairman Kyle Cerminara had earlier said that FG Nexus \u201cplans to become a significant player in the Ethereum network with a goal of a 10% stake in ETH.\u201d<\/p>\n The strategy came under pressure as market conditions deteriorated. ETH, which had been trading above $4,600 in October, declined to about $2,700 by November. This prompted the North Carolina-based company to begin selling. Since then, the crypto asset has seen a much larger drawdown. FG Nexus is among several firms affected<\/a> by the decline in Ether prices.<\/p>\n Peter Thiel\u2019s Founders Fund exited<\/a> its entire investment in Ethereum treasury firm ETHZilla in February. Meanwhile, Bitmine, which is the largest ETH treasury company, is estimated<\/a> to be facing unrealized losses of around $9 billion after ETH fell below $1,800.<\/p>\n ETH is currently trading at its lowest level since April 2025. Alongside falling prices, the broader Ethereum ecosystem has also faced a period of uncertainty in recent months. For instance, the Ethereum Foundation (EF) has recently come under increased scrutiny following a series of high-profile departures, including Tomasz Sta\u0144czak, Tim Beiko, Josh Stark, and Barnab\u00e9 Monnot.<\/p>\n The exits sparked speculation about internal instability and disagreements over the Foundation\u2019s direction. In response, Ethereum co-founder Vitalik Buterin said<\/a> the Foundation is not the center of Ethereum but only one participant in the network.<\/p>\n The post This Nasdaq Firm Chasing 10% of Ethereum (ETH) Supply Now Sits on an $85M Hit<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount. According to data shared by blockchain analytics platform Lookonchain, the company acquired 50,770 ETH for around $196 million at an average price of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-175054","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175054"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175054"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/175054\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Challenges Extend Beyond Price<\/h2>\n