Exchange firm dumps millions in Ethereum with shocking losses

The listed company FG Nexus first fully invested in Ethereum (ETH). Yet it has once again sold millions of crypto coins. The transactions follow a period of sharp declines in prices and are putting great pressure on the company. Should crypto investors be concerned?

Ethereum gamble turns out to be painful

FG Nexus has again sold a large part of its stock at a loss this week. This is evident from data from analysis platform Arkham Intelligence. This concerns 7,550 ETH with a total value of approximately $14 million.

FG Nexus is originally an American financial services company. However, as of August 2025, it firmly positioned itself as an Ethereum reserve company. However, that strategy is now less favorable than the company had hoped.

Between August and September 2025, the company purchased 50,770 ETH in a short period of time at an average price of approximately $3,860 per coin. In total, FG Nexus invested almost $196 million in Ethereum. With a price below $2,000 at the time of writing, it is making painful losses.

The company has now sold more than 21,000 ETH for approximately $55 million. However, FG Nexus still owns 37,594 ETH, worth an estimated value of approximately $71.2 million at current prices. This means it remains one of the larger listed Ethereum holders.

In the summer, Ethereum reached a new all-time high of almost $4,950. The currency is now more than 60 percent lower and a large part of that profit has evaporated.

FG Nexus share price plummets

The blow is not only visible on the balance sheet. Investors are also reacting strongly. FG Nexus’ share price has fallen by approximately 53.60 percent in one month.

Over the past six months, the loss is even greater. During that period, the share is even 89.66 percent lower.

Crypto Reserve Companies Deeply Down

Not only FG Nexus is under pressure. Several companies that have large amounts of crypto on their balance sheets are deeply negative.

Bitmine, the largest publicly traded holder of Ethereum, also continued buying when prices were high in October. The average purchase price is around $3,843 per ETH. The company is at an unrealized loss of more than $8 billion.

The company currently owns a total of 3.236 million ETH, worth a total value of approximately $8.24 billion at current prices. Despite the lower prices, Bitmine continues to buy more. For example, it already made four different purchases in February to further expand its position.

SharpLink Gaming is facing a paper loss of approximately $1.4 billion. The Ether Machine also took a big hit. This company owns almost 500,000 ETH and is estimated to have a paper loss of $948 million.

Strategy is the largest publicly traded crypto reserve company in the world. It holds Bitcoin (BTC) at the core of its strategy and currently owns 717,722 BTC, worth over $47.7 billion at today’s price. Due to the recent drop in the Bitcoin price, the company is down approximately 12.59 percent.

Strategy also continues to actively buy more. Earlier this week, the company made its hundredth purchase.

Founder Michael Saylor has also emphasized several times that he is not concerned. He says Strategy continues to buy and has sufficient cash reserves to meet its financial obligations and borrowings.