FG Nexus liquidated its crypto reserve: 50,000 ETH sold at a loss of $45 million
American company FG Nexus, whose shares are traded on the Nasdaq exchange, has made a radical decision: to completely abandon digital assets and shut down its Ethereum strategy. This happened less than a year after its launch, indicating a serious reassessment of the market and internal risks.
At the peak of its involvement in the crypto industry, the firm managed an impressive portfolio of 50,000 ETH — an amount equivalent to tens of millions of dollars. However, reality proved harsh: in the first half of the year, coin sales brought in only $60.96 million in cash, with an additional $14.98 million added in July. The final loss from this operation amounted to $45.2 million, demonstrating just how volatile and unpredictable the market remains even for public companies.
Particularly telling is the staking income — only $144,000. This is a paltry sum compared to the scale of investments, highlighting the inefficiency of passive strategies amid sharp price fluctuations in Ethereum. Clearly, returns from validation failed to offset the decline in the value of the underlying asset.
Now FG Nexus plans to fully reallocate the freed-up capital into real estate. This move looks like a classic retreat into safe-haven assets after a painful experience with high-risk instruments. For me, this is a signal: even institutional players with access to advanced analytics are not immune to losses in the crypto sphere.
My analysis: The liquidation of FG Nexus's reserve is not an isolated case, but part of a broader trend of cooling institutional interest in Ethereum. Until the market shows sustained upward momentum and clear regulatory signals, we will see more such exits. However, this does not mean the collapse of the industry — rather, it is a stage of purging speculative capital, which in the long term could strengthen the health of the market.