FG Nexus Sells 7,550 ETH Amid $82.8M Loss
FG Nexus continues to reduce its Ethereum holdings, offloading 7,550 ETH for $14.78 million, as the firm faces a significant unrealized loss on its retained assets.
ETH
Fact Check
Multiple independent and relatively authoritative cryptocurrency news and market data outlets consistently report that FG Nexus sold exactly 7,550 ETH, often providing the corresponding fiat value of approximately $14.06 million at the time of sale. These reports cite blockchain transaction monitoring data and on-chain evidence, which strengthens the reliability of the claim. The reports come from several high-relevance, moderate-to-high authority sources, with no credible contradictory evidence found. While some articles may have re-published from the same original monitoring source, the uniformity and specificity of the figure, combined with blockchain data references, align to make the statement highly likely to be true.
Summary
FG Nexus sold 7,550 ETH for $14.78 million on February 25, 2025. The firm had purchased 50,770 ETH at around $3,860 each in 2025, and has now sold 21,025 ETH at an average price of $2,649. The remaining 30,094 ETH, valued at $57.5 million, contribute to a cumulative loss of $82.8 million based on its initial acquisition cost.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transaction fees, staking, and powering smart contract execution.