FG Nexus liquidated an additional portion of its corporate treasury on Tuesday by selling 7,550 tokens of Ethereum for an approximate value of 14 million dollars. According to on-chain data from the Arkham entity, the firm accumulates losses exceeding eighty million dollars after acquiring assets near the highs recorded during the current 2025 cycle.
This forced capitulation reflects the fragility of companies that adopted an aggressive accumulation strategy at high technical resistance levels. The company built a massive position of fifty thousand tokens between the months of August and September of last year, expecting a bullish continuation. However, the average acquisition price of these digital holdings stood at three thousand eight hundred sixty dollars, leaving its balance sheet in a critical situation.
The exhaustion of corporate reserves intensifies the market’s bearish correction
Given the urgency to obtain immediate liquidity following the collapse of its capitalization, the firm announced an intent letter to divest its real estate assets in Quebec. This desperate measure seeks to inject fresh capital into a structure that has seen its stock market valuation plummet during the recent weeks. Despite diversification attempts, the organization’s financial architecture remains dangerously linked to the volatility of the underlying asset.
Unlike the accumulation cycles observed in 2020 and 2022, the current macroeconomic environment severely penalizes excessive leverage in highly volatile assets. The latent losses of firms like Bitmine Immersion Technologies reach astronomical figures currently exceeding eight billion dollars on paper. Therefore, the institutional market faces a systemic confidence crisis while large holders continue to unwind their strategic positions to cover existing debts.
Shareholder distrust has materialized in a fifty-two percent plunge in FGNX shares. The bearish sentiment extends toward other treasury models that used leverage to maximize their returns during the previous peak. Consequently, the constant selling pressure from institutional funds adds an additional layer of technical resistance that the price fails to overcome with any significant solvency.
Can the institutional ecosystem absorb the massive liquidation of loss-making treasuries?
Analysis of monetary flows suggests that the loss of support at forty-six hundred dollars was the primary catalyst for this cascade. The asset’s fall toward twenty-seven hundred dollars forced managers to realize losses to protect the business’s overall viability. This dynamic of forced liquidation recalls the massive deleveraging events that preceded major liquidity crises in traditional financial markets in years past.
Looking ahead, the market must closely monitor the capacity of the blockchain protocols to maintain their economic security and decentralization. If direct sales on centralized exchanges continue at this current pace, the impact on order book depth will be severe. The next regulatory milestones and central bank decisions will determine whether the current price represents a solid floor or a stage of prolonged distribution.
