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An Ethereum-based DAT just made some serious moves in the market. FG NEXUS recently offloaded 10,922 ETH, and here's the kicker—they're using those funds for share buybacks.
That's a pretty hefty sale, but they're far from done. The entity still holds 40,005 ETH in reserve, which means they've got plenty of firepower left if they decide to continue this strategy.
Share buybacks using crypto assets? Not your everyday corporate move. This kind of treasury management shows how some institutions are treating ETH less like a speculative asset and more like liquid capital for strategic financial operations.
With that much ETH still on hand, the question is: will they keep liquidating, or are they waiting for better market conditions? Either way, worth keeping an eye on.