Ethereum Treasury Company BTCS Sells ETH at a Loss to Maintain Aave Borrowings

TechFlow, November 13 — According to CoinDesk, Ethereum treasury company BTCS sold ETH below its purchase price to manage the collateral levels and health factors of its Aave borrowings. The company did not disclose the amount of ETH sold for this purpose or the related realized losses.

As of November 9, BTCS's borrowings on Aave, including accrued interest, were approximately $64.1 million, collateralized by 46676 ETH. Based on the debt and collateral at the time, CoinDesk calculated that liquidation could be triggered if ETH fell to approximately $1717, assuming the position remained unchanged; the position may have changed since then.

Source: TechFlow