Bhutan's sovereign wealth fund, Drug Holdings, has reportedly engaged in a significant leveraged long position on Ethereum through the Aave platform. According to data cited by Emmett Gallic from Arkham, the fund withdrew 42,000 ETH and $54 million USDT from Binance, converting the USDT to ETH. Subsequently, it deposited the ETH into Aave and borrowed $275 million USDT to further purchase ETH. This maneuver has resulted in a leveraged position of approximately 117,000 ETH, valued at around $459 million.