FG Nexus Exits Ethereum Treasury After $45.2M Loss

FG Nexus, a Nasdaq-listed company, has fully exited its Ethereum treasury strategy, selling all of its digital asset holdings and recording a significant loss in the process. The company disclosed the completed liquidation in its August 12 quarterly filing, reporting that it held no cryptocurrency as of June 30. The move marks a dramatic reversal for the firm, which had amassed over 50,000 ETH as a core treasury asset less than a year earlier.

The exit resulted in a total loss of $45.207 million from discontinued digital asset operations during the first half of 2026. This figure includes a $41.167 million loss on its Ethereum holdings, a $2.793 million impairment charge on other digital intangible assets, and $1.789 million in related general and administrative expenses. The company also recorded minor gains from digital asset transactions and staking, which partially offset the costs.

FG Nexus generated $60.956 million in cash from the sale of its Ethereum during the first half of the year. An additional $14.983 million receivable from these disposals was collected in July. The company originally launched its Ethereum treasury strategy in the second half of 2025, at one point...