FG Nexus dumped all its Ethereum at a $45 million loss to buy mobile home parks—after earning just $144,000 in staking rewards

FG Nexus has exited its Ethereum treasury strategy less than a year after launch, selling all digital assets before June 30 and ending the quarter with no crypto holdings. The company reported only $144,000 in staking revenue in the first half of 2026, far below the $45.207 million loss tied to its discontinued digital-asset operations, including a $41.167 million ETH loss and other impairment/G&A costs. Although the liquidation generated $60.956 million in ETH sale proceeds and $14.983 million in receivables, those were gross proceeds rather than profits. The firm is now pivoting toward real estate, specifically land-lease manufactured housing and possible affordable-housing acquisitions, signaling a full strategic retreat from crypto treasury management. The move highlights weakening economics for digital asset treasury companies and may weigh on sentiment toward corporate ETH accumulation models.