FG Nexus, a treasury firm holding $120 million in ETH, sold 2,500 ETH.
Chain analyst Yu Jin published an article on the X platform stating that Ethereum treasury company FG Nexus (fg-nexus) sold 2,500 ETH, worth $8.04 million, four hours ago today. FG Nexus accumulated 50,770 ETH, worth $200 million, at an average price of $3,944 between August and September last year. With the decline in ETH prices, the company has since sold 13,475 ETH at a price of $3,089, realizing a loss of $11.52 million. Currently, FG Nexus still holds 37,594 ETH, worth $120 million. The company's mNAV is 0.84, and its market capitalization is lower than the value of its ETH holdings.
Source: CoinLive The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments