The Bhutan Sovereign Wealth Fund, Druk Holdings, sold approximately 25,816 stETH tokens during a recent Ethereum price dip to mitigate risks from leveraged positions. The sale occurred around 2:30 AM local time, coinciding with Ethereum's short-term low of $2,243. The proceeds were used to repay loans on Aave in USDT, maintaining the account's health ratio at 1.10. Despite the sale, the fund still holds 78,245.7949 stETH tokens, with a remaining loan amount of 137.8 million USDT.
Bhutan Sovereign Wealth Fund Sells 25,800 ETH Amid Price Dip
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