Nasdaq-listed FG Nexus has fully exited its digital asset position, selling all of its Ethereum holdings by June 30 and ending a corporate treasury strategy that began less than a year earlier. According to its Aug. 12 filing, the company held no cryptocurrency at quarter-end.
The discontinued digital asset operation recorded a first-half loss of $45.207 million, which included a $41.167 million loss on ETH digital assets, a $2.793 million impairment on digital intangible assets, and $1.789 million in general and administrative expenses. Staking revenue during the period was only $144,000, while the broader consolidated net loss reached $56.928 million.
FG Nexus began its Ethereum treasury strategy in July 2025 and disclosed digital asset operations starting in August. By Sept. 28, 2025, the company reported holding 50,770 ETH, valued at about $207 million using its reference price at the time, with an average purchase price near $3,860. The company raised $200 million while making Ethereum its primary treasury asset.
During the first half of 2026, ETH sales generated $60.956 million in cash, while another $14.983 million remained receivable at June 30 and was fully collected in July. After those collections and $15.5 million from the redemption of FG Merger II shares, cash reached approximately $51.4 million by July 31.
Management now plans to reallocate capital toward cash-flow-producing real estate, especially manufactured housing properties. The company is considering a potential combination with FG Communities, though board discussions remain preliminary and no definitive agreement has been reached. An independent special committee has retained a financial adviser to provide a fairness opinion.
The exit shows the financial tradeoff of the Ethereum treasury approach: first-half staking generated only $144,000, while the discontinued digital asset operation recorded a $45.207 million loss. Traders are watching Ethereum support levels around $1,800 as the unwind may influence market sentiment and liquidity. FGNX traded at $7.59 on Aug. 13, up about 8.9% from the previous close, though the crypto exit had already been announced on July 1.
