FG Nexus (FGNX) Stock: Surge 8% as Firm Dumps All ETH After $45.2M Digital Asset Loss
TLDR
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FG Nexus exits Ethereum treasury after recording a $45.2 million loss.
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FGNX stock closed at $7.59 after gaining 8.43% during the session.
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FG Nexus raised over $75 million in cash from digital asset disposals.
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The company held more than 50,000 ETH before unwinding its crypto strategy.
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FG Nexus now plans to redirect capital into manufactured housing real estate.
FG Nexus (FGNX) shares has closed its Ethereum treasury strategy after selling all digital assets before June 30. The exit followed a $45.207 million loss from discontinued digital asset operations during 2026’s first half. Meanwhile, FGNX stock closed at $7.59, gaining 8.43% during the latest session.
FG Nexus Dumps Ethereum Holdings After $45.2M Loss
FG Nexus disclosed the completed digital asset exit in its August 12 quarterly filing. The Nasdaq-listed company classified the former digital asset business as discontinued operations. FG Nexus reported no cryptocurrency holdings at the end of June.
The company recorded a $41.167 million loss on its Ethereum digital assets. It also booked a $2.793 million impairment charge on other digital intangible assets. General and administrative expenses connected with the operation reached another $1.789 million.
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