The first microstrategy selling ETH has appeared! Due to the stock price hitting new lows and concerns about delisting risks, a U.S. publicly traded company named FG Nexus decided to sell 10,922 ETH to buy back shares in order to provide accountability to its shareholders. Currently, this microstrategy company still holds 40,005 ETH, worth approximately 120 million USD.

Historical Review: This summer, the company announced the completion of a $200 million financing round and decided to pivot to accumulating ETH. Investors including the over-the-counter platform Galaxy Digital, exchange Kraken, Hivemind Capital, Syncracy Capital, and Digital Currency Group participated in the investment.