FG Nexus Forced to Sell ETH as NAV Crisis Deepens

[cryptobro]

FG Nexus sold $32.7M in ETH to finance a massive share buyback after its stock collapsed 94% in four months.
Its move mirrors ETHZilla’s $40M ETH sale, signaling growing stress across digital asset treasury (DAT) companies managing $42.7B in crypto.
With stocks trading far below NAV, firms are liquidating crypto to unlock “hidden value” — but this is amplifying sell pressure across the market.

[Nahid Hossen]

Forced selling never signals stability — things look rough.

[Abdul Khan]

ETH sells like this usually create ripple effects across the market.