FG Nexus Abandons ETH as Stock Plummets 94% — Is a Transformation in Digital Treasury on the Horizon?

FG Nexus Treasury Shift: FG Nexus sold 10,922 ETH, valued at $32.7 million, as part of a restructuring strategy focused on digital assets and tokenized products, reducing its holdings to approximately 40,005 ETH.

Stock Performance: The company's stock has plummeted about 94% over four months due to market pressure and restructuring efforts, with significant selling activity from traders contributing to the decline.

Market Trends: Other publicly traded treasury companies are also adjusting their digital asset holdings amid market volatility, reflecting a broader trend of reassessment in the crypto sector.

Investor Sentiment: Despite a slight stabilization in stock price, investor caution remains as FG Nexus transitions to a digital-first business model, with large holders reportedly reducing their exposure during the downturn.