Bhutan's sovereign wealth fund, Druk Holdings, is experiencing a loan health ratio of 1.15 on Aave, according to on-chain data as of January 30. The fund's main wallet holds 104,000 stETH, valued at approximately $284 million, with a loan limit of 200 million USDT. Recent leveraged long positions in ETH have resulted in a floating loss of about 15% from the purchase cost.
Additionally, the Government of Bhutan has transferred 100.82 BTC, worth around $8.31 million, to QCP Capital. This move comes amid the fund's current financial maneuvers and market positioning.
Bhutan's Sovereign Wealth Fund Faces Loan Health Concerns on Aave
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
