Major Ether holders have begun liquidating their cryptocurrency at a loss., 2026/02/25 17:16:30

Companies that accumulated Ether have started to liquidate their cryptocurrency at a loss due to declining market demand and falling prices: FG Nexus has incurred a loss of $82.8 million, while Forward Industries has lost $10.8 million.

The latest sale by FG Nexus involved 7,550 ETH valued at approximately $14 million. In total, the company has divested 21,025 ETH over recent weeks at an average price of $2,649 per token. The remaining balance consists of just over half of the initial reserve, totaling 30,094 ETH worth around $57.5 million. 

FG Nexus (formerly known as Fundamental Global) initiated its Ether accumulation strategy in the summer of 2025. The company raised about $200 million through a stock offering. Among its investors were Galaxy Digital, Kraken, Digital Currency Group, and several crypto funds. Initially, the company acquired 50,770 ETH for roughly $196 million, with an average purchase price of $3,860 per Ether. Currently, FG Nexus’s shares are trading 95% lower than their peak in August. Over the past month, the stock price has plummeted by more than 50%, reaching $6.96.  

The second major holder of the second-largest cryptocurrency, Forward Industries, has sold all of its 8,200 ETH for $14.9 million after three years since its first purchase. The loss amounted to $10.8 million. 

In the last 24 hours, companies and governments holding Ether reserves have experienced a decline of over 30% in the capitalization of their holdings, according to data from CoinGecko. Only two significant holders of the second cryptocurrency, BitMine and the American exchange Coinbase, have purchased additional Ether in the past month. BitMine acquired 179,322 ETH, while the exchange bought 2,460 ETH.  

Ethereum co-founder Vitalik Buterin sold 3,765 ETH for $7.08 million over the past four days, and since the beginning of February, he has sold 10,723 ETH for $21.7 million, as reported by analysts at Onchain Lens.