FG Nexus has sold its remaining 9,481 ETH (worth approximately $14.9 million), completing the liquidation of its entire ethereum holdings accumulated over recent months. The company offloaded a total of 51,156 ETH at a cumulative loss of $86.6 million, marking the conclusion of what had been an extended accumulation period for the digital asset.
The final tranche sale signals FG Nexus's exit from a position that was built incrementally over an extended timeframe. The magnitude of the realized loss underscores the volatility of ethereum's price movements during the company's holding period, with the gap between entry and exit prices resulting in significant financial impact for the entity.
Source:intel.arkm.com