ETH Treasury Loss: FG Nexus Dumps 36K Coins, Down $85M
The firm once called ETH its primary reserve asset — now it's selling at a 40% loss, and the same playbook is being run by a growing list of public-company treasuries.
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The firm once called ETH its primary reserve asset — now it's selling at a 40% loss, and the same playbook is being run by a growing list of public-company treasuries.
The 2,650 BTC transfer to Crypto.com comes days after DJT pulled its spot bitcoin ETF application and on top of a $405.9M quarterly net loss — turning a high-profile treasury bet into a textbook case…
A 2-year staked position added 1,711 SOL in rewards yet still couldn't offset the drawdown from a $144 cost basis — a clean read on how staking yield gets eaten by bear-market entries.
The headline number flatters the damage: the real story is the $352M crypto-and-equities mark-to-market hit, which exposes how thin operating cash flow looks beside a balance sheet built on volatile…