FG Nexus's ETH Sale Marks an $87 Million Shift in Corporate Crypto Strategy

crypthub

about 2 hours ago

FG Nexus Ethereum Sale

Nasdaq‑listed FG Nexus sold 7,550 ETH for $14.06 million, pushing its cumulative realized loss on the position to about $87 million. The company bought 50,600 ETH in August 2023 for $200 million at roughly $3,940 each. Since November 2023 it has divested 21,000 ETH – about 41.5 % of the original holding. These sales reflect a broader rebalancing of its crypto treasury amid falling prices.

Corporate Treasury Shifts

Corporate crypto strategies are diverging as firms react to market volatility, evolving accounting standards, and regulatory clarity. Unlike Bitcoin‑first adopters, FG Nexus entered the Ethereum market later and now faces GAAP treatment that forces impairment testing but forbids upside revaluation. Liquidity needs, risk appetite and potential tax‑loss harvesting further drive divestment decisions. Proposed FASB changes could allow fair‑value reporting, altering future treasury choices.

Market Impact & Outlook

Although a single corporate dump can create short‑term price pressure, Ethereum’s daily volume exceeds $10 billion, so the impact remains limited. Public blockchains give analysts full visibility of wallet movements, as shown by AmberCN’s reporting. Institutional infrastructure – custody, trading platforms and staking services – is maturing, encouraging more nuanced portfolio management. Future corporate participation is likely to expand beyond holding Bitcoin to include DeFi, cross‑chain assets and active yield strategies.

FG Nexus's ETH Sale Marks an $87 Million Shift in Corporate Crypto Strategy

FG Nexus Ethereum Sale

Corporate Treasury Shifts

Market Impact & Outlook

FG Nexus's ETH Sale Marks an $87 Million Shift in Corporate Crypto Strategy