Ethereum Treasury Company FG Nexus Sells Another 10,000 ETH, Worth Approximately $18.16 Million

On June 4th, according to on-chain analyst Ember, Ethereum treasury company FG Nexus transferred 10,000 ETH (US$18.16 million) to Galaxy Digital 4 hours ago. The company has lost US$88.83 million from its ETH investment: it spent US$200 million to purchase 50,600 ETH at an average price of US$3,940 from August to September last year, began reducing its holdings from November, and has currently reduced its holdings by 38,300 ETH (US$89.17 million) at an average price of US$2,329.