Galaxy Digital has snatched up another bargain—this time, Treasury’s timing for cutting its stake was right on point.

CryptoWorld news reports that on-chain analyst Yu Jin stated that Ethereum Treasury Company reduced its holdings by 10,000 ETH (about $18.16 million) roughly 4 hours ago and transferred it to Galaxy Digital. FG Nexus incurred an ETH investment loss of about $88.83 million. During the hot period in August–September last year, they bought 50,600 ETH at an average price of $3,940. As the price of ETH fell, they started reducing their holdings from November; they have now reduced 38,300 ETH (about $89.17 million), with an average selling price of $2,329.