Ethereum Treasury Company FG Nexus sold 2500 ETH 4 hours ago

BlockBeats News, January 20th, according to on-chain analyst Yu Jin's monitoring, Ethereum treasury company FG Nexus sold 2500 ETH 4 hours ago, worth $8.04 million. FG Nexus accumulated 50,770 ETH at a high average price of $3944 from August to September last year, worth $200 million. As the price of ETH dropped, the company has sold 13,475 ETH at a price of $3089, realizing a loss of $11.52 million. Currently, FG Nexus still holds 37,594 ETH, worth $120 million. The company's mNAV is 0.84, and the market value of its stock is lower than the value of the held ETH.