Nasdaq-listed FG Nexus sold all of its digital assets before June 30 and held no cryptocurrencies at the end of the quarter, closing out its Ethereum treasury strategy. The company had previously adopted a crypto treasury approach and treated Ethereum as one of its main reserve assets. At its peak, FG Nexus held more than 50,000 ETH. The latest disclosure shows the company fully unwound that position in less than a year after rolling out the strategy. The update was published by Techub, with WuBlockchain cited as the source in the item.
Nasdaq-listed FG Nexus sold all of its digital assets before June 30 and held no cryptocurrencies at the end of the quarter, ending its Ethereum treasury strategy.
FG Nexus had previously been one of the listed companies using a crypto treasury strategy, with Ethereum serving as one of its primary reserve assets. Its ETH holdings had once peaked at more than 50,000 coins.
The full exit means the company has terminated that plan less than a year after introducing it. The item was published by Techub and cited WuBlockchain.
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