[Ethereum Treasury Company FG Nexus Sold 2,500 ETH 4 Hours Ago, Worth $8.04 Million] According to a report by Jinse Finance, monitored by on-chain analyst Ember, some small treasury companies that transitioned during last year’s DAT boom are now struggling as their mNAV (stock price ÷ net asset value per share) has fallen well below 1, forcing them to sell tokens: Ethereum treasury company FG Nexus sold 2,500 ETH ($8.04 million) 4 hours ago. ◎ In August-September last year, FG Nexus accumulated 50,770 ETH at an average high price of $3,944, worth $200 million. ◎ Since then, ETH has been on a downward trend, and they have so far sold 13,475 ETH at an average price of $3,089, realizing a loss of $11.52 million. ◎ They currently still hold 37,594 ETH ($120 million). ◎ Their mNAV is 0.84, meaning the market value of their stock is lower than the value of the ETH they hold.