FG Nexus Sells $17.8 Million Worth of ETH from Treasury: Arkham
In Brief: FG Nexus moved another 10,000 Ether, continuing sales after accumulating 50,770 ETH in 2025.
Main Developments
An Ethereum treasury company, FG Nexus, sold 10,000 Ether, totaling $17.8 million, from its accumulated 50,770 ETH position built in August-September 2025.
Why This Matters
Investors may take note as FG Nexus sells off a portion of its Ethereum treasury, marking a shift in strategy compared to other corporate Ether holders who continue to accumulate.
Market Context
FG Nexus’s selling contrasts with BitMine’s continued accumulation of over 5.4 million ETH, and Standard Chartered’s bullish $40,000 long-term price target for Ethereum.
Conclusion
FG Nexus moved 10,000 ETH from its treasury, signaling a departure from its earlier accumulation strategy of Ethereum.
FAQ
Why is FG Nexus selling a portion of its Ethereum treasury?
FG Nexus is unwinding part of its Ethereum holdings after accumulating 50,770 ETH in 2025.
What is Standard Chartered’s price target for Ethereum?
Standard Chartered reaffirmed a long-term price target of $40,000 for Ethereum, citing strengthening network fundamentals and growth in decentralized finance.