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BTCS Sold Ether at a Loss to Maintain $64 Million Aave Loan Position
(3 hours ago) · 1 source · Summarized by CryptoBipto
BTCS, a company that holds Ethereum as a treasury asset, reportedly sold ether at a loss in order to keep its $64 million loan on the Aave decentralized lending protocol healthy. The sale was apparently necessary to avoid liquidation of its collateral on the platform.
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SOURCES
- coindesk.com
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