FG Nexus Sells 7,550 Ethereum as Vitalik Cuts 11,422 ETH

TLDR

• FG Nexus sold 7,550 Ethereum in a single transaction valued at about 14.06 million dollars.
• The company transferred the Ethereum to Galaxy Digital, according to data shared by Lookonchain.
• FG Nexus had previously acquired 50,770 Ethereum at an average price of 3,860 dollars per token.
• The firm has now sold more than 28,000 Ethereum since reversing its accumulation strategy.
• Despite the recent sales, FG Nexus still holds 37,594 Ethereum in its treasury.
• Vitalik Buterin has sold 11,422 Ethereum as part of his pledged plan to support open source development.

FG Nexus has sold another 7,550 Ethereum in a single transaction, extending its ongoing liquidation trend. The transfer came as other major holders, including Vitalik Buterin, also reduced their positions. These moves place fresh focus on recent Ethereum treasury activity and large holder transactions.

FG Nexus Extends Ethereum Liquidation Strategy

FG Nexus executed the sale of 7,550 ETH worth about $14.06 million. Lookonchain cited Arkham data and reported that the firm sent the tokens to Galaxy Digital.

The transaction forms part of a broader selling streak that began late last year. Earlier, the company shifted from accumulation to steady disposals as market conditions changed.

Between August and September 2025, FG Nexus purchased 50,770 ETH for $196 million. The firm paid an average price of $3,860 per token during that period.

After the October 10 market crash, the company announced plans to sell property assets to fund more Ethereum purchases. However, it reversed that plan within weeks and began liquidating its holdings.

The firm first sold 21,025 ETH for $55.7 million. It has now followed by another 7,550 ETH sale as part of the same strategy.

Despite the recent sales, FG Nexus still holds 37,594 ETH. At current prices, those holdings carry an estimated value of $73.62 million.

Ethereum trades below the firm’s average purchase price of $3,860. As a result, the company holds an unrealized loss exceeding $70 million based on disclosed data.

Vitalik Buterin and Other Large Holders Reduce Ethereum Exposure

Vitalik Buterin has also reduced his Ethereum holdings in recent weeks. He pledged to sell 16,384 ETH to support open-source development initiatives.

So far, Buterin has liquidated 11,422 ETH. That total includes a 675 ETH sale reported yesterday.

Trend Research, another Ethereum treasury firm, completed a large liquidation on February 8. The firm transferred 651,757 ETH to Binance to repay outstanding debt.

Arthur Hayes, BitMEX co-founder, has also moved Ethereum to exchanges. He recently transferred 1,000 ETH to Bybit as part of a portfolio adjustment.

In contrast, Bitmine has continued to increase its Ethereum holdings. The company announced the purchase of 51,162 ETH earlier this week.

Following that acquisition, Bitmine now holds 4,422,659 ETH. The firm has stated that it aims to secure a 5% share of the total Ethereum supply.

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