A crypto wallet linked to Nasdaq-listed company FG Nexus, tagged by Arkham with the address 0x4a2...b82, transferred 10,000 Ether on Wednesday, valued at approximately $17.8 million at the time. The transaction occurred amid persistently low ETH prices, with Ether trading near $1,765 — significantly below the company's average acquisition cost. This transfer marks one of the wallet's largest ETH outflows recently and highlights the deepening losses on its Ethereum position.
On-chain data shows that FG Nexus accumulated 50,770 ETH between August and September 2025 at an average price of around $3,860 per token, representing a total investment of roughly $196 million. As the price has tumbled to the current level, the firm is now sitting on combined realized and unrealized losses exceeding $100 million — a decline of more than 50% from its original investment.
The mounting losses have spilled over to its stock performance. Shares of FG Nexus fell 13.40% in Thursday's pre-market trading to $7.11, reflecting market concerns over its substantial crypto exposure and investment losses.