📉 BTCS sells Ethereum at a loss to avoid liquidation
Nasdaq-listed U.S. company BTCS acknowledged that it sold ETH below its purchase price to reduce the risk of liquidation on a $64.1 million loan from Aave.
💰 The collateral includes 46,676 ETH. According to CoinDesk’s calculations, forced liquidation could begin if Ethereum falls to around $1,717, assuming the loan parameters remain unchanged.
The company did not disclose how much ETH it sold or the size of its loss.
#ETH
Nasdaq-listed U.S. company BTCS acknowledged that it sold ETH below its purchase price to reduce the risk of liquidation on a $64.1 million loan from Aave.
💰 The collateral includes 46,676 ETH. According to CoinDesk’s calculations, forced liquidation could begin if Ethereum falls to around $1,717, assuming the loan parameters remain unchanged.
The company did not disclose how much ETH it sold or the size of its loss.
#ETH