Ethereum treasury firm FG Nexus sold another 10,000 ETH, worth approximately $18.16 million.

CoinFeed reported on June 4th that, according to on-chain analyst Ember, Ethereum treasury company FG Nexus transferred 10,000 ETH ($18.16 million) to Galaxy Digital four hours ago. The company suffered a loss of $88.83 million on ETH investments: it purchased 50,600 ETH for $200 million between August and September last year at an average price of $3,940, and began reducing its holdings in November, having already sold 38,300 ETH ($89.17 million) at an average price of $2,329.