A wallet tagged by Arcam to publicly traded Ethereum treasury firm FG Nexus moved another 10,000 ether on Wednesday, extending a series of sales that began when the company built a large position in 2025.
The latest sale is worth about $17.8 million at current prices and follows an earlier disposition in which the Nasdaq-listed company unloaded more than 21,000 shares. $ETH Approximately $55 million was collected from the Treasury.
FG Nexus total 50,770 $ETH From August to September 2025, it built positions worth approximately $196 million at the time at an average price of $3,860 per coin.
At the time of writing, Ether is trading near $1,765, according to data from CoinGecko, and the cryptocurrency is down about 54% from FG Nexus’ average purchase price of $3,860, representing a loss of more than $100 million in original investment value.
FG Nexus stock was down 13.40% pre-market Thursday, trading at $7.11 from Wednesday’s close of $8.21, according to Yahoo Finance data.
Wallet linked to FG Nexus moves 10,000 $ETH. source arkham
The company disclosed holdings of approximately 40,093 shares. $ETH The company has not publicly commented on Ether sales in December 2025, and recent transfers identified by on-chain data providers have not been addressed in subsequent company statements.
Cointelegraph reached out to FG Nexus for comment, but did not receive a response in time for publication.
Institutional Ether holders continue to accumulate
FG Nexus’ recent sell-off is in contrast to the approach taken by other corporate Ether holders, who continue to add to their positions despite Ethereum’s price decline.
Listed miner BitMine is the largest listed holder with over 5.4 million Ether $ETHhas recently increased its standing by purchasing approximately $52 million worth of Ether.
The company also announced Wednesday plans to issue dividend-bearing preferred stock and expand the financing avenues available to support Ethereum’s financial strategy.
Some analysts are similarly optimistic about Ether’s long-term prospects, despite its weak recent performance.
Last week, Standard Chartered reaffirmed its long-term Ether price target of $40,000, noting that Ethereum’s network infrastructure is strengthening, pointing to growth in on-chain activity and continued dominance in decentralized finance.
The bank compared Ethereum’s current position to Amazon, which is in its early stages of growth, and argued that the asset’s market performance has not yet fully reflected these fundamental trends.
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