FG Nexus has sold 10,922 ETH, valued at approximately $32.7 million, as part of a strategic treasury shift and business restructuring. This move aligns with the company's focus on expanding into digital-asset and tokenized products. The sale comes as FG Nexus's stock has plummeted 94% over the past four months due to asset sales and market pressures.
Following the sale, FG Nexus retains around 40,005 ETH and has successfully raised $200 million in capital. The company has also partnered with Securitize to advance real-world asset (RWA) tokenization. This trend of reducing ETH holdings is being observed among other digital-asset treasury firms amid current market volatility.
FG Nexus Sells 10,922 ETH Amid Restructuring and Stock Decline
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