{"id":605068,"date":"2026-06-04T13:00:55","date_gmt":"2026-06-04T17:00:55","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=605068"},"modified":"2026-06-05T06:03:53","modified_gmt":"2026-06-05T10:03:53","slug":"fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details\/","title":{"rendered":"FG Nexus spends spends $196M on Ethereum, loses $85M &#8211; Details"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Following a significant wager on Ethereum [ETH] near its peak, FG Nexus is currently losing over $85 million on its Ethereum treasury strategy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In August and September 2025, the company spent about $196 million and acquired 50,770 Ethereum at an average price of $3,860 per token.<\/span><\/p>\n<figure id=\"attachment_605089\" aria-describedby=\"caption-attachment-605089\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-scaled.png\"><img decoding=\"async\" class=\"wp-image-605089 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-scaled.png\" alt=\"FG Nexus is down over $85M\" width=\"2560\" height=\"970\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-scaled.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-300x114.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-1024x388.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-768x291.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-1536x582.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-2048x776.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FG-Nexus-is-down-over-85M-1200x455.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-605089\" class=\"wp-caption-text\">Source: Arkham<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\"> Ethereum, however, was unable to sustain those levels and saw a massive drop in the months that followed. As a result, in November 2025, FG Nexus started to decrease its exposure and eventually sold 36,025 ETH at an average price of $2,330 per coin.<\/span><\/p>\n<h2><strong>All about FG Nexus&#8217; failed Ethereum strategy<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Although the tokens were <a href=\"https:\/\/x.com\/lookonchain\/status\/2062375628092142031\" target=\"_blank\" rel=\"noopener\">sold<\/a> for roughly 40% less than their purchase price, these sales resulted in large losses even though they generated about $83.92 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the company&#8217;s remaining holdings of about 14,745 ETH continue to trade below the original purchase price, resulting in additional unrealized losses, the drawdown is mostly due to realized losses from the ETH already sold. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because of this, FG Nexus&#8217;s <a href=\"https:\/\/ambcrypto.com\/coins\/ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> treasury position is now more than $85 million underwater due to the combined effect of realized and paper losses.\u00a0<\/span><\/p>\n<h2><strong>ETH&#8217;s confusing market dynamics<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">This occurred when ETH was down 6.84% from the day before, trading at $1,753.53. In fact, the altcoin also experienced a more than 25% decline in the past month. The number of active addresses, however, is close to 450,600.<\/span><\/p>\n<figure id=\"attachment_605073\" aria-describedby=\"caption-attachment-605073\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-scaled.png\"><img decoding=\"async\" class=\"wp-image-605073 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-scaled.png\" alt=\"Ethereum Active Addresses\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-scaled.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-1600x900.png 1600w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-1280x720.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-960x540.png 960w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-640x360.png 640w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-320x180.png 320w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-160x90.png 160w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Active-Addresses-1200x675.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-605073\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to the data, there is a clear gap between network engagement and market valuation, indicating that even though the Ethereum network is still attracting users, on-chain activity has not resulted in improved price performance.\u00a0<\/span><\/p>\n<h2><strong>The actual winners<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Additionally, the Ethereum Spot Taker CVD (90-day) in 2026 indicated a never-ending conflict between aggressive buyers and sellers.<\/span><\/p>\n<figure id=\"attachment_605072\" aria-describedby=\"caption-attachment-605072\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-scaled.png\"><img decoding=\"async\" class=\"wp-image-605072 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-scaled.png\" alt=\"Ethereum Spot Taker CVD(Cumulative Volume Delta, 90-day)\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-scaled.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-1600x900.png 1600w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-1280x720.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-960x540.png 960w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-640x360.png 640w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-320x180.png 320w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-160x90.png 160w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-1200x675.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-605072\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Although Ethereum&#8217;s price is still far below its previous highs, the indicator has most recently stayed in the green, indicating that aggressive Spot buyers are once again intervening. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggests that the renewed buying activity has not yet been strong enough to cause a significant upward move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All of this occurs as Bitmine <a href=\"https:\/\/ambcrypto.com\/bitmine-buys-25k-eth-while-ethereum-crashes-below-2k-details\/\" target=\"_blank\" rel=\"noopener\">adds another 25,000 Ethereum<\/a> to its treasury, which is equivalent to about $47.98 million from BitGo. Simultaneously, <a href=\"https:\/\/ambcrypto.com\/conviction-compounds-sharplink-stakes-422-eth-as-ethereum-drops-below-2k\/\" target=\"_blank\" rel=\"noopener\">Sharplink has earned<\/a> a total of 20,590 ETH in staking rewards.<\/span><\/p>\n<hr \/>\n<h2><strong>Final Summary <\/strong><\/h2>\n<ul>\n<li><em><span style=\"font-weight: 400;\">FG Nexus, which spent about $196 million and acquired 50,770 Ethereum, faces a loss of over $85 million on its Ethereum treasury strategy. <\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">The ETH price action is not raising eyebrows, but Active Addresses and Spot Taker CVD metrics suggest hope.\u00a0<\/span><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>After acquiring over 50K ETH near the market peak, what led to FG Nexus facing a steep eight-figure loss? <\/p>\n","protected":false},"author":66,"featured_media":605126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[32,66,4,20],"tags":[],"class_list":["post-605068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum-news","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FG Nexus spends spends $196M on Ethereum, loses $85M - Details - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Despite generating $83.92 million, the sale of ETH at a 40% lower price as compared to the purchase price resulted in large losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Nexus spends spends $196M on Ethereum, loses $85M - Details - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"After acquiring over 50K ETH near the market peak, what led to FG Nexus facing a steep eight-figure loss?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-04T17:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-05T10:03:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/06\/FI_QB.CN_FGNEXUS_04-06-2026.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ishika Kumari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/IshikaAMBcrypto\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ishika Kumari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/fg-nexus-spends-spends-196-mln-on-ethereum-loses-85-mln-details\\\/\"},\"author\":{\"name\":\"Ishika Kumari\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/e4f02009bfd7551339d8ae6a2c445559\"},\"headline\":\"FG Nexus spends spends $196M on Ethereum, loses $85M &#8211; 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