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CoinDesk: BTCS Sells ETH at a Loss to Maintain $64M Aave Borrowing Position
According to CoinDesk, Nasdaq-listed Ethereum treasury company BTCS has sold ETH at a loss to maintain the health of its $64 million Aave borrowing position. The report summary states that the company's borrowing is backed by 46,676 ETH, and if the price of ETH drops to approximately $1,700, the loan could become subject to liquidation. This price represents a conditional risk level mentioned in the report, and it was not stated that the loan has already been liquidated.
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