Experiment with Ethereum for this Nasdaq-listed giant lasted just one year! All ETH sold, and investments will be directed precisely into...
American digital asset management company FG Nexus (FGNX), which trades on Nasdaq, has completely exited its Ethereum holdings, ending a roughly one-year strategic experiment with the cryptocurrency. According to its latest filing with the U.S. Securities and Exchange Commission (SEC), the company sold all its assets in Ethereum (ETH) and Wrapped Staked ETH (wstETH) as of June 30, 2026. FG Nexus first made ETH a primary treasury asset in 2025, with its holdings peaking at 50,770 ETH in September of that year. However, following a market downturn starting in October 2025, the company rapidly reduced its positions. For the first half of 2026, FG Nexus reported a total loss of $45.207 million from digital asset operations, with $41.167 million attributed specifically to its ETH investments. The company stated it plans to redirect the capital from the ETH sales into income-generating real estate investments.
cryptonews.ru5m ago