Nasdaq-listed FG Nexus books over $85M loss after selling ETH bought in 2025

Nasdaq-listed FG Nexus has logged cumulative losses of more than $85 million on its Ethereum treasury approach after offloading a large share of its ETH at a steep discount. The firm bought 50,770 ETH for about $196 million at an average $3,860 between August and September 2025, after launching its accumulation plan on July 30, 2025. Its shares last closed at $7.11, down 13.4% on the day and roughly 48% year-to-date.