FG Nexus, an Ethereum treasury company, sold 2,500 ETH worth approximately $8.04 million, as reported by monitoring service EmberCN. This sale comes as some small companies, which transitioned to 'treasuries' during last year's DAT boom, face pressure due to their mNAV falling below 1. FG Nexus had previously accumulated 50,770 ETH at an average price of $3,944 per ETH between August and September 2025, totaling around $200 million. The company still holds 37,594 ETH, valued at about $120 million, with its mNAV currently at approximately 0.84.