According to the source, publicly traded Ethereum treasury firm FG Nexus sold part of its ETH holdings, and its shares fell further afterward, as reported in an X post dated Nov 20, 2025.

According to the source, Ethereum treasury firm FG Nexus sold 10,922 ETH, valued at approximately $33 million, to fund a share buyback program (source post). The same source states that FG Nexus purchased 3.4 million shares at an average price of $3.45 under the program (source post). Based on figures disclosed in the source post, the transaction implies an average realized price of roughly $3,022 per ETH and represents 10,922 ETH of sell-side volume (source post).

According to @rovercrc, publicly traded FG Nexus has successfully raised $200 million to implement an Ethereum (ETH) treasury strategy. This substantial capital allocation toward ETH signals growing institutional confidence and is likely to drive increased demand and market activity for ETH. Traders should monitor ETH price action and trading volumes closely, as this move by FG Nexus could trigger positive momentum in both spot and derivatives markets. Source: @rovercrc.