FG Nexus exits Ethereum after $45M loss

FG Nexus, the Nasdaq-listed merchant bank known as Fundamental Global until recently, has entirely divested its Ethereum (ETH) holdings. The company confirmed its exit from digital assets in an August 12, 2026, SEC filing, revealing a staggering $45.207 million operating loss from its crypto venture.This dramatic reversal sees FG Nexus pivoting its corporate treasury strategy away from volatile digital assets. It’s now focusing instead on acquiring land-lease manufactured housing propertie