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FG Nexus has transferred another 10,000 Ether worth about $17.8 million, extending a series of treasury sales that have reduced its Ethereum holdings as the asset trades more than 50% below the company’s average purchase price. According to onchain data…
FG Nexus's Ethereum losses highlight the risks of concentrated crypto investments, prompting increased caution in corporate treasury strategies. The post FG Nexus reports over $85M loss on Ethereum treasury bet appeared first on Crypto Briefing.
FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure.
