FG Nexus offloads additional $17.8M Ether as losses top $100M

60-second summary

FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure. The sale brings the total amount of Ether offloaded to $17.8 million, further reducing FG Nexus's exposure to the volatile cryptocurrency market. This move likely reflects the firm's efforts to mitigate losses and stabilize its treasury.