Ethereum treasury company BTCS sells ETH at a loss to service Aave loan.

on November 13, according to CoinDesk, Ethereum treasury company BTCS sold ETH at a price below its purchase cost to manage the collateral ratio and health factor of its Aave borrowings. The company did not disclose the amount of ETH sold or related realized losses.

As of November 9, BTCS’s borrowings on Aave, along with accrued interest, totaled approximately $64.1 million, secured by 46,676 ETH. Based on CoinDesk’s calculations using the debt and collateral figures at the time, the position would have triggered liquidation if ETH dropped to around $1,717, assuming it remained unchanged; the position may have changed since then.