**Lookonchain**
FG Nexus is sitting on a loss of over $85 million from its Ethereum treasury bet#!
FG Nexus scooped up 50,770 $ETH (worth $196 million) at an average price of $3,860 between August and September 2025.
Then it started to short in November 2025, liquidating 36,025 $ETH (worth $83.92 million) at an average price of $2,330.
Total loss: over $85 million.
arkm.com/explorer/a
ddre...