FG Nexus concludes the Taifung Treasury strategy and sells all digital assets

The Nazdaq listed company FG Nexus sold all digital assets by 30 June, no longer holding encrypted currency at the end of the period, and ended the launch of the Taifung Treasury strategy for less than a year. The company held over 50,000 ETHs at its peak, earned $60,956,000 in cash from ETH sales during the first half of the year, and receivables of $14,983,000 were recovered in July. The total deficit of $45.207 million in the closed digital asset operation was $41.167 million for the ETH digital asset, while the pledge income was only $144,000. The company plans to reallocate funds to real estate projects such as land rental prefabricated housing, where potential transactions are still at the preliminary stage of review and final agreement has not yet been reached。