FG Nexus sold another 10,000 ETH, extending a series of disposals that have pushed losses above $100 million as the Ethereum treasury firm reduces exposure.

FG Nexus sold another 10,000 ETH, extending a series of disposals that have pushed losses above $100 million as the Ethereum treasury firm reduces exposure.

FG Nexus lost over $85 million on its Ethereum treasury bet after buying 50,770 ETH at $3,860 and selling into a steep decline. Total losses may top $100M.