According to @lookonchain, Ethereum holding company FG Nexus sold another 2,500 ETH valued at 8.04 million dollars today and still holds 37,594 ETH valued at 119.7 million dollars, source: Lookonchain on X dated Jan 20, 2026. @lookonchain also reports the prior activity occurred on Nov 18 and 19, 2025, when 10,975 ETH valued at 33.6 million dollars was transferred to Galaxy Digital, source: Lookonchain on X dated Jan 20, 2026. The implied execution values are approximately 3,216 dollars per ETH for today, 3,186 dollars per ETH for current holdings, and 3,062 dollars per ETH for the November transfers, derived from the valuations reported by Lookonchain on X dated Jan 20, 2026. Address attribution for FG Nexus and related on-chain tracking can be reviewed via Arkham Intelligence’s FG Nexus entity page, source: Arkham Intelligence.

According to @EmberCN, several small treasury firms that pivoted during last year’s DAT boom have mNAV well below 1 and are being forced to sell crypto assets, indicating stress on balance sheets, source: @EmberCN, Jan 20, 2026. FG Nexus sold 2,500 ETH about four hours before the post, totaling approximately 8.04 million dollars, source: @EmberCN, Jan 20, 2026. FG Nexus previously accumulated 50,770 ETH at an average price of 3,944 dollars during August–September last year, valued around 200 million dollars at that time, source: @EmberCN, Jan 20, 2026.

According to the source, publicly traded Ethereum treasury firm FG Nexus sold part of its ETH holdings, and its shares fell further afterward, as reported in an X post dated Nov 20, 2025.

According to the source, Ethereum treasury firm FG Nexus sold 10,922 ETH, valued at approximately $33 million, to fund a share buyback program (source post). The same source states that FG Nexus purchased 3.4 million shares at an average price of $3.45 under the program (source post). Based on figures disclosed in the source post, the transaction implies an average realized price of roughly $3,022 per ETH and represents 10,922 ETH of sell-side volume (source post).

According to @rovercrc, publicly traded FG Nexus has successfully raised $200 million to implement an Ethereum (ETH) treasury strategy. This substantial capital allocation toward ETH signals growing institutional confidence and is likely to drive increased demand and market activity for ETH. Traders should monitor ETH price action and trading volumes closely, as this move by FG Nexus could trigger positive momentum in both spot and derivatives markets. Source: @rovercrc.