Ethereum treasury firm FG Nexus has sold 10,000 ETH, valued at approximately $18.16 million, to Galaxy Digital. This transaction, reported by on-chain analyst Ember, occurred four hours ago. FG Nexus has faced significant losses on its Ethereum investments, totaling $88.83 million. The firm initially acquired 50,600 ETH for $200 million between August and September last year at an average price of $3,940. Since November, FG Nexus has been reducing its holdings, having already sold 38,300 ETH for $89.17 million at an average price of $2,329.
FG Nexus Sells 10,000 ETH to Galaxy Digital Amid Losses
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