FG Nexus Is the Latest Ethereum Treasury Firm to Sell ETH as Its Stock Craters
Yahoo Finance·2025-11-21 05:44

Shares in publicly traded Ethereum treasury firm FG Nexus (FGNX) finished the day down more than 7% following word that the firm dumped a portion of its Ethereum holdings to buy back shares.  Formerly known as Fundamental Global, the firm raised 200millionviaaprivateplacementinJulytokickstartitsEthereumtreasurystrategy.Itacquiredmorethan50,000ETHbytheendofSeptember,buthassinceoffloaded10,922ETHabout200 million via a private placement in July to kick-start its Ethereum treasury strategy. It acquired more than 50,000 ETH by the end of September, but has since offloaded 10,922 ETH—about 31.3 million worth at today’s price—using the proceeds to accelerate share ...