FG Nexus has completely exited its digital asset business, selling all of its cryptocurrency holdings before June 30 and bringing its Ethereum treasury strategy to an end less than a year after it began.
The Nasdaq-listed company revealed in a recent filing that it no longer holds any cryptocurrency. During the first half of 2026, FG Nexus generated nearly $61 million in cash from Ethereum sales, while an additional $15 million that was still owed at the end of June was fully collected in July.
Despite those sales, the company reported a loss of about $45.2 million from its digital asset operations. Most of that came from losses tied to its Ethereum holdings, along with asset impairments and operating expenses. By comparison, staking activities generated only $144,000 in revenue during the same period.
FG Nexus launched its Ethereum treasury strategy in 2025 and quickly became a major holder of the cryptocurrency. At its peak, the company owned more than 50,000 ETH, valued at over $200 million at the time. The strategy was designed to generate returns through staking and other Ethereum-related opportunities.
However, the company later decided to unwind the position and shift its focus elsewhere. On July 1, management announced plans to move away from digital assets and redirect capital into real estate, particularly manufactured housing communities that can produce steady cash flow.
Company leadership said the goal is to transition from holding cryptocurrencies to owning income-generating real estate assets. FG Nexus is also exploring a possible transaction involving FG Communities, although no final agreement has been reached and discussions are still ongoing.
The crypto exit has significantly boosted the company’s cash position. By the end of July, FG Nexus reported having approximately $51.4 million in cash available, giving it additional flexibility to pursue its new real estate strategy.
The move marks a major shift for the company. What began as an ambitious Ethereum treasury plan has now ended with a full exit from digital assets. While the strategy generated only modest staking income, it ultimately resulted in substantial losses, leading management to pursue a more traditional investment approach focused on real estate and long-term cash flow.
