Charlotte’s FG Nexus Secures 50K Ethereum Worth $210M Treasury

Charlotte, NC-based FG Nexus said in a press release dated September 23, 2025, that its Ethereum position reached the 50,000 milestone on Monday of this week. The company initiated ETH accumulation in August this year, with a long-term goal of establishing an Ether treasury strategy

Over the last few months, publicly listed companies have been running fast to establish an ETH Treasury strategy. The press release also notes that 50,000 Ethereum positions represent approximately $210 million in aggregate value.

“This acquisition marks a pivotal step in our mission to become the premier institutional holder of Ethereum, reflecting our strong conviction that ETH will reshape the future of global finance,” said Maja Vujinovic, CEO of Digital Assets, FG Nexus.

It is worth noting that FG Nexus’s average ETH purchase price is approximately $3,860, yet when writing, it is trading at $4,175 with a loss of 0.80% in the past 24 hours.

A quick overview of the FG Nexus stock price

As per TradingView, FG Nexus is currently trading at $6.67 with a loss of 1.48% in the previous trading session. In the past 5 trading sessions, it fell by 1.91% and has lost 49.08% in a month.

Source: TradingView

With back-to-back declines, the FG stock is currently trading below 20-day, 50-day, 100-day, and 200-day exponential moving averages. After seeing the candlestick charts, the price seems to be in a long-term downtrend since around 2021, after peaking at around $250- $300.

From 2022, FG Nexus stock has constantly shown bearish sentiment, making lower highs and lower lows, reflecting sustained bearish momentum

In recent months, volume in the stock has peaked at new heights, suggesting increased panic selling or institutional exits. The nearest support is $6.50, and if it falls to sustain at this level, it might fall to $5.0, followed by $2.5.

The company reported $9.08 million in revenue, followed by $5.47 million in net income, and the net margin was 55.58%. The press time market cap of FG Nexus is $8.86 million

List of Ethereum treasury companies expanding

After Bitcoin gained a place in the portfolio of traditional companies, Ethereum is now embraced as a treasury reserve asset, and there are now more than one dozen companies holding ETH in bulk.

One of the primary reasons is Ethereum’s use cases and its unstoppable prices, which are mainly attracting companies and corporations towards it; however, the Ether ETF has also contributed to its popularity in recent years.

According to STRATEGICETHRESERVE(dot)XYZ, there are 19 publicly listed companies holding Ethereum. The list has been topped by Bitmine Immersion, which holds ETH of $10.07 billion, followed by Sharplink Gaming, which has 838.15k ETH; The Ether Machine had $2.07 billion worth of Ethereum.

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