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FG Nexus Abandons Ethereum Treasury Strategy, Shifts Focus to Real Estate
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vor 4 TagenKI-Zusammenfassung

FG Nexus Abandons Ethereum Treasury Strategy, Shifts Focus to Real Estate

FG Nexus, a Nasdaq-listed merchant bank, has abandoned its Ethereum treasury strategy less than a year after launch, selling all digital assets by June 30. The company incurred a $45.2 million loss from its discontinued digital-asset operations but gained substantial cash from ETH sales. It now focuses on real estate development, particularly manufactured-housing properties, with plans to acquire target properties and potentially combine with FG Communities.

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CryptoSlate
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