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Bhutan Sovereign Wealth Fund Leveraged Long ETH at Associated Address, Current Position Approximately 117,000 ETH
BlockBeats News, January 20th, according to Emmett Gallic's monitoring, an address associated with the Bhutanese sovereign wealth fund Druk Holdings appears to be engaging in ETH leveraged longing: withdrawing 42,000 ETH and $54 million USDT from Binance, swapping USDT for ETH, depositing it into Aave, and borrowing 275 million USDT to further purchase ETH. Currently, this leveraged position holds approximately 117,000 ETH, valued at around $459 million.
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