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BTCS sells ether at a loss to protect its $64 million Aave loan

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Nasdaq-listed Ethereum treasury firm BTCS sold ether at a loss to keep its $64 million loan on the Aave lending platform in good standing. The company holds 46,676 ETH as collateral for the borrowing. Without action, the loan could become eligible for liquidation if ether's price falls to around $1,700. The sale was made to bolster the collateral position against that risk. The move highlights the pressure crypto treasury companies face when token prices decline while they carry leveraged debt.

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