FG Nexus exits ETH treasury after $45.2M loss

FG Nexus sold all of its digital assets before June 30, ending an Ethereum treasury strategy less than a year after it launched. Summary FG Nexus sold all digital assets before June 30, ending its Ethereum treasury strategy entirely. First-half digital asset operations lost $45.207 million while staking generated only $144,000 in total revenue. ETH sales generated $60.956 million cash, with another $14.983 million receivable fully collected during July. FG Nexus had peaked at 50,770 ETH in September 2025 before beginning its treasury unwind. Management plans to redirect capital toward manufactured housing, though no definitive FG Communities deal exists. The Nasdaq-listed company disclosed the completed exit in its Aug. 12 filing, which reclassified the digital asset business as discontinued operations. The filing shows that FG Nexus received $60.956 million in cash from ETH sales during the first half of 2026. A further $14.983 million remained receivable at June 30 and was collected in July. The company held no cryptocurrency at quarter end. FG Nexus records $45.2M loss from digital asset exit FG Nexus reported a $45.207 million loss from its discontinued digital asset operations...