FG Nexus liquidated its crypto reserve: 50,000 ETH sold at a loss of $45 million
FG Nexus, a company whose shares are traded on the Nasdaq exchange, has made a radical decision: to completely abandon cryptocurrency assets and shut down its Ethereum strategy. This happened less than a year after its launch, highlighting the volatility and unpredictability of digital markets even for public corporations.
At the peak of its involvement in the crypto industry, FG Nexus managed an impressive portfolio of 50,000 ETH. However, the actual financial results were far from optimistic forecasts. In the first half of the year, the company sold the coins, receiving $60.96 million in cash, and in July added another $14.98 million from sales. The final picture looks bleak: the net loss from this operation reached $45.2 million. Income from staking, often touted as a passive benefit, turned out to be negligible—just $144,000, which only underscores the disproportion between risks and rewards.
Now FG Nexus intends to redirect the freed-up capital into a traditional and stable sector—real estate. This decision signals disappointment in crypto assets as a tool for corporate treasury, especially amid fierce competition for liquidity and regulatory uncertainty.
Analytical Perspective
This move is a striking example of how even institutional players can overestimate Ethereum's potential. A $45 million loss with modest staking income demonstrates that passive strategies in crypto do not guarantee protection from market cycles. For the market, this is a signal: corporate reserves in digital assets remain a niche and risky practice requiring exceptional discipline and a long-term horizon that public companies often lack.