Ethereum treasury firm BTCS sold ether at a loss to keep $64 million Aave loan healthy
Summary
Nasdaq-listed BTCS recently sold a portion of its ether holdings at a loss. The firm made the move to maintain the health of a large loan backed by its digital assets, as a further drop in cryptocurrency prices could risk liquidation.
The Nasdaq-listed company has 46,676 ETH backing its borrowings, and the loan could become eligible for liquidation if ether slides to around $1,700.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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