According to on-chain analyst Ember (@EmberCN), Ethereum treasury firm FG Nexus (@FGNexusio) sold 2,500 ETH today, valued at approximately $8.04 million. FG Nexus previously purchased 50,770 ETH in August-September 2025 at an average price of $3,944 per ETH, totaling around $200 million. To date, the company has sold a cumulative total of 13,475 ETH at an average price of $3,089, resulting in a loss of approximately $11.52 million. FG Nexus currently holds 37,594 ETH, valued at around $120 million, with a market-to-nav (mNAV) ratio of 0.84, indicating that the company's stock market value is lower than the value of its ETH holdings.
FG Nexus Sells 2,500 ETH Worth $8.04M, Total Sell-off Reaches 13,475 ETH
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Summary
On January 20, 2026, FG Nexus sold 2,500 ETH at $3,216 each, totaling $8.04 million. Since the firm purchased 50,770 ETH at $3,944 each in late 2025, the price of ETH has fluctuated. To date, FG Nexus has sold 13,475 ETH at an average price of $3,089, resulting in a $11.52 million loss. The firm still holds 37,594 ETH, valued at $120 million, with a modified net asset value (mNAV) of 0.84. Analysis of ETH indicates that the stock remains undervalued relative to its cryptocurrency holdings.
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