FG Nexus dumped all its Ethereum at a $45 million loss to buy mobile home parks-after earning just $144,000 in staking rewards

FG Nexus has abandoned its Ethereum treasury strategy less than a year after launch, redirecting its focus toward real estate development.

In an Aug. 12 SEC filing, the Nasdaq-listed merchant bank disclosed that it sold all of its digital assets before June 30 and held no cryptocurrency at quarter-end.

FG Nexus, previously known as Fundamental Global, announced its Ethereum treasury strategy in July 2025 and launched the digital-asset operation the following month. At its peak, the firm held more than 50,000 ETH.

However, the firm began divesting the holdings this year amid a broader market contraction that significantly impacted digital asset treasury companies.

Ethereum staking returns fail to offset losses

The exit exposed how little staking income offset the losses generated by the company's Ethereum-focused strategy.

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