UPDATED FRI 13 NOV · 11:52 UTC
EN
LIVE
CryptoMedium

BTCS sells ETH at a loss to repay Aave debt

Ethereum treasury firm BTCS sold ETH at a loss to manage collateral and repay DeFi debt, per its quarterly filing.

A gold Ethereum coin on a circuit board
A gold Ethereum coin on a circuit board. Photo: Kanchanara, via Unsplash
By the Global Eye 24 deskFIRST REPORTED FRI 13 NOV · 11:07 UTC · UPDATED FRI 13 NOV · 11:52 UTC
Share on X

What we know

The Block reports BTCS owed $64.1 million on Aave as of Nov. 9, backed by 46,676 ETH, and sold ETH at a loss to repay debt.

Ether (ETH/USDT)
$1,960 +4.5% · 3 mo
$1,869$2,338$2,80716 Aug30 Sep13 NovThis story
Daily candles (UTC). Source: Binance.

Sources

@TheBlockCo

“BTCS sold ethereum at a loss to manage collateral and repay DeFi debt”

View post →

By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.