
FG Nexus has abandoned its Ethereum treasury strategy less than a year after launch, redirecting its focus toward real estate development. In an Aug. 12 SEC filing, the Nasdaq-listed merchant bank disclosed that it sold all of its digital assets before June 30 and held no cryptocurrency at quarter-end. FG Nexus, previously known as Fundamental Global, announced its Ethereum treasury strategy in July 2025 and launched the digital-asset operation the following month. At its peak, the firm held more than 50,000 ETH. However, the firm began divesting the holdings this year amid a broader market contraction that significantly impacted digital asset treasury companies. Related Reading Ethereum’s c



















































