FG Nexus (FGNX) saw a 7% drop in shares after selling a portion of its Ethereum to buy back shares, following a $200 million private placement in July. The firm has offloaded 10,922 ETH, valued at $31.3 million, to accelerate share repurchases and currently holds 40,005 ETH and $37 million in USDC. FGNX has repurchased 3.4 million shares at an average cost of $3.94, with shares now trading at $2.41. The firm’s stock is down almost 37% in the last month and more than 85% in the last six months, placing it just outside the top 7 publicly traded Ethereum treasuries.

Read more at 1. Tesla unveils new electric semi-truck with self-driving capabilities. – CNBC

2. Dow Jones closes at record high on strong economic data. – Wall Street Journal

3. Amazon reports record-breaking holiday sales, exceeding $100 billion. – Reuters

4. Bitcoin hits new all-time high, surpassing $60,000. – Barchart

5. Apple announces plans to release new iPhone with improved camera technology. – CBS MarketWatch: FG Nexus Is the Latest Ethereum Treasury Firm to Sell ETH as Its Stock Craters