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“FG Nexus”, a company that specializes in managing institutional vaults that collect, pledge and generate returns based on Ethereum, sold 7,550 ETH coins, worth approximately $14 million, according to data tracked by “Lookonchain”, continuing to gradually exit its holdings, a clear shift from its previous strategy based on long-term accumulation.
The company, which was renamed from “Fundamental Global” to “Fundamental Global”, raised $200 million through private placement in mid-2025, launched a financial strategy based on Ethereum, and was supported by well-known investors in the digital asset field such as “Galaxy Digital”, “Kraken”, “Hivemind Capital” and “Digital Money Group”.
The company also previously announced its intention to exit its real estate assets in order to increase its investment in ETH.
However, falling prices in the second half of 2025 prompted the company to change course and begin selling some of its holdings.
As of December 17, FG Nexus disclosed that in addition to approximately $25 million in USDC cash, it also owned more than 40,000 ETH.
With the latest transaction, the company has sold more than 21,000 Ethereum at an average price of about $2,649, which is about 31% lower than the average purchase cost.
It currently holds approximately 30,000 ETH, worth an estimated $53 million, which puts it at risk of total losses exceeding $80 million.
These developments reflect the scale of risk that comes with concentrating balance sheet reserves in a single digital asset, especially given that Ethereum prices have fallen below $2,000 from a peak recorded in mid-2025.
According to “CoinGecko” data, ETH is currently trading close to the $1,919 level, with a daily increase of 5.5%.
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