Ethereum (ETH) Treasury Firm Loses $82.8M. Here’s What Happened

FG Nexus, a major Ethereum treasury firm, has further reduced its ETH holdings by offloading 7,550 ETH in a single transaction. This move continues the firm’s series of asset disposals that began late last year, despite prior plans to increase its Ethereum reserves. 

Even after the series of liquidations, FG Nexus still retains more than 37,000 ETH, showing a partial but significant exit from its previously aggressive accumulation strategy.

Data from the blockchain analytics platform Lookonchain shows that the 7,550 ETH, valued at approximately $14.06 million, was transferred to Galaxy Digital in a single transaction.

This latest liquidation comes after FG Nexus purchased tens of thousands of ETH to expand its treasury. Between August and September 2025, the company accumulated 50,770 ETH, totaling $196 million, at an average cost of $3,860 per token.

FG Nexus Initial Accumulation Plan

Initially, FG Nexus planned to strengthen its Ethereum position, even considering selling property assets to fund more Ethereum purchases. After the 2025 crypto crash, FG Nexus shifted gears and started selling off assets, including 21,025 ETH for $55.7m.

The 7,550 ETH sale is only a continuation of this exit strategy, as the firm adapts to ongoing market volatility and unrealized losses exceeding $70 million.

FG Nexus’s actions reflect wider concerns about institutional confidence in Ethereum. Other treasury firms have also engaged in large-scale sales of their Ethereum holdings. Trend Research, for example, conducted a significant liquidation on February 8, selling its remaining 651,757 ETH on Binance to repay outstanding debt. 

Similarly, BitMEX co-founder Arthur Hayes has transferred significant amounts of ETH to platforms like Bybit as part of a portfolio adjustment toward DeFi assets.

Institutional and Individual Liquidation 

Ethereum co-founder Vitalik Buterin has also decreased his ETH holdings to support open-source development initiatives. Out of a pledged 16,384 ETH intended for sale, Buterin has already liquidated 11,422 ETH, including a recent transfer of 675 ETH. 

These individual and institutional sales are contributing to increased selling pressure on Ethereum, even though its long-term adoption prospects remain a central narrative in the crypto community.

Not all institutional investors are reducing exposure. Bitmine, another Ethereum-focused treasury firm, continues to accumulate ETH. The company recently added 51,162 ETH to its portfolio, bringing its total holdings to 4,422,659 ETH, representing approximately 4.42% of Ethereum’s circulating supply.

This contrast highlights the difference in strategies between firms reacting to short-term market conditions and those pursuing long-term accumulation objectives.

The recent transactions by FG Nexus, Vitalik Buterin, and other market participants show the complex dynamics affecting Ethereum’s institutional landscape. While some firms are actively liquidating assets in response to price volatility and strategic adjustments, others remain committed to increasing their holdings.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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