FG Nexus Offloads ETH, Funds $200M Buyback Amid Price Dip

FG Nexus, a prominent Ethereum treasury firm, recently sold approximately 10,922 ETH during a market decline below $3,000. This sale facilitated a $200 million share buyback, aimed at repurchase of over 3.4 million shares at a price of $3.45 per share. The transaction was outlined in FG Nexus’s shareholder update and disclosed on investor portals. 10,922 ETH sold is part of the firm’s overall holdings of more than 40,000 ETH.