Ethereum treasury firm BTCS sells ETH at a loss to manage $64M Aave loan

cryptonews11-13 20:18

Ethereum treasury company BTCS has sold ETH below its purchase price to manage a $64.1 million loan on Aave, as falling Ethereum prices reduce the value of the cryptocurrency backing its debt. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum treasury firm BTCS sells ETH at a loss to manage $64M Aave loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-13 20:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/btcs-ethereum-aave-loan-eth-sales-liquidation-risk/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ethereum treasury company BTCS has sold ETH below its purchase price to manage a $64.1 million loan on Aave, as falling Ethereum prices reduce the value of the cryptocurrency backing its debt.\n\n\n...</p>\n\n<a href=\"https://crypto.news/btcs-ethereum-aave-loan-eth-sales-liquidation-risk/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BEGS","symbol_name":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","start_time":0,"source_url":"https://crypto.news/btcs-ethereum-aave-loan-eth-sales-liquidation-risk/","article_id":"2683570401","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/btcs-ethereum-aave-loan-eth-sales-liquidation-risk/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2683570401","pubTimestamp":1794572286,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Ethereum treasury company BTCS has sold ETH below its purchase price to manage a $64.1 million loan on Aave, as falling Ethereum prices reduce the value of the cryptocurrency backing its debt.Ethereum treasury firm BTCS sold ETH below its original purchase price to manage its Aave borrowing positions.BTCS reported $64.1 million in Aave debt backed by 46,676 ETH worth $99.3 million as of November 9.The estimated liquidation level stands near $1,717 per ETH, assuming the borrowing position remains unchanged.BTCS recorded $30.6 million in realized digital asset losses during the first nine months of 2026, involving ETH sales and liquidity pool transactions.BTCS sells Ethereum below cost to protect Aave collateral. BTCS acknowledged realizing losses on Ethereum sales while managing its decentralized finance borrowing arrangements. The company said, “Sales of ETH were executed at prices below their original cost basis,” explaining that the transactions formed part of its collateral manageme","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","YBTC":"比特币看涨期权ETF-Roundhill","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","09046":"华夏以太币-U","BITQ":"Bitwise Crypto Industry Innovators ETF","ETHT":"ProShares Ultra Ether ETF","QETH":"以太坊ETF-Invesco Galaxy","MNRS":"GRAYSCALE BITCOIN MINERS ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","BRRR":"比特币ETF-CoinShares","ETHU":"2倍以太币期货ETF-Volatility Shares","BTF":"比特币&以太币期货ETF-CoinShares","BTCI":"NEOS Bitcoin High Income ETF","BKCH":"AdvisorShares Sabretooth ETF","ETHV":"以太坊ETF-VanEck","BTFX":"比特币期货ETF-CoinShares","ARKY":"ARK Active Autocallable Income ETF","EETH":"以太币期货ETF-ProShares","ETH":"低成本以太坊ETF-Grayscale","BITW":"Bitwise 10 Crypto Index ETF","09009":"博时以太币-U","BTGD":"STKD Bitcoin & Gold ETF","ETHW":"以太坊ETF-Bitwise","IBIT":"比特币ETF-iShares","AETH":"以太坊策略ETF-Bitwise","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","ETHA":"以太坊ETF-iShares","BITX":"2倍比特币期货ETF-Volatility Shares","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","CETH":"以太坊ETF-21Shares","BTRN":"比特币期货ETF-Global X","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","FETH":"以太币ETF-Fidelity","YBIT":"YieldMax Bitcoin Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","ETHD":"ProShares UltraShort Ether ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","MSBT":"Morgan Stanley Bitcoin Trust ETP","BETH":"比特币&以太币期货ETF-ProShares","MAXI":"比特币期货ETF-Simplify","STCE":"Schwab Crypto Thematic ETF","09179":"嘉实以太币-U","EZET":"以太坊ETF-Franklin","ETHE":"最大以太坊ETF-Grayscale","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF"},"translate_title":"以太币国债公司 BTCS 亏本出售 ETH 以管理 6400 万美元的 Aave 贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YETH":1.5,"ARKY":1.5,"GDLC":1.5,"BTGD":1.5,"EETH":1.5,"ETHD":1.5,"BTCmain":1.5,"BTCZ":1.5,"BTCL":1.5,"STCE":1.5,"ETHU":1.5,"ETHA":1.5,"ETH":1.5,"ETU":1.5,"BEGS":1.5,"BITX":1.5,"BKCH":1.5,"BITQ":1.5,"BTF":1.5,"METHmain":1.5,"CETH":1.5,"09046":1.5,"CBTJ":1.5,"ETHT":1.5,"IBIT":1.5,"BITW":1.5,"YBIT":1.5,"QETH":1.5,"MNRS":1.5,"BTRN":1.5,"LFGY":1.5,"ETHV":1.5,"MSBT":1.5,"BTFX":1.5,"09179":1.5,"AETH":1.5,"EZET":1.5,"BRRR":1.5,"CRPT":1.5,"XBTmain":1.5,"NCIQ":1.5,"YBTC":1.5,"09009":1.5,"FETH":1.5,"BETH":1.5,"ETHE":1.5,"ETHW":1.5,"BTCI":1.5,"BETE":1.5,"MAXI":1.5},"content_text":"Ethereum treasury company BTCS has sold ETH below its purchase price to manage a $64.1 million loan on Aave, as falling Ethereum prices reduce the value of the cryptocurrency backing its debt.\n\n\nSummary\n\n\n\nEthereum treasury firm BTCS sold ETH below its original purchase price to manage its Aave borrowing positions.\nBTCS reported $64.1 million in Aave debt backed by 46,676 ETH worth $99.3 million as of November 9.\nThe estimated liquidation level stands near $1,717 per ETH, assuming the borrowing position remains unchanged.\nBTCS recorded $30.6 million in realized digital asset losses during the first nine months of 2026, involving ETH sales and liquidity pool transactions.\nThe company held approximately $463,000 in cash at September 30 but reported $142.6 million in cash and digital assets on November 9.\n\n\n\nIn its November 12 quarterly filing with the U.S. Securities and Exchange Commission, the Nasdaq-listed company disclosed that 46,676 ETH secured its borrowings as of November 9. The collateral was worth approximately $99.3 million at an ETH price of $2,127, covering about 155% of the outstanding debt, including accrued interest.\n\nJUST IN: Ethereum treasury firm BTCS sells ETH at a loss to protect its $64M Aave loan from liquidationThe Nasdaq-listed company has 46,676 ETH backing its $64.1M debt, with liquidation risk emerging if ETH falls to around $1,717, based on its November 9 position. pic.twitter.com/S0bcDHRai2— crypto.news (@cryptodotnews) November 13, 2026\n\nThe company said it monitors its borrowing positions and adjusts collateral or repays debt when market conditions require additional protection against liquidation.\nBTCS sells Ethereum below cost to protect Aave collateral\nBTCS acknowledged realizing losses on Ethereum sales while managing its decentralized finance borrowing arrangements. The company said, “Sales of ETH were executed at prices below their original cost basis,” explaining that the transactions formed part of its collateral management strategy.\nThe filing did not disclose how much ETH was sold specifically to manage the Aave loan or how much of its reported losses resulted from those sales. However, BTCS recorded approximately $30.6 million in realized losses on digital asset transactions during the first nine months of 2026.\nThe losses came from two activities: selling ETH to manage borrowing positions and recognizing accounting losses when transferring ETH into liquidity pools. The company reported a net loss of approximately $49.5 million for the nine-month period, compared with a $52.2 million profit a year before.\nBTCS confirmed it “has not experienced any full or partial liquidation events” involving its DeFi borrowings through November 11. Its ETH sales were therefore part of its own collateral management activities, not forced liquidations by the lending protocol.\nEthereum price decline puts $1,717 liquidation level in focus\nAave uses a health factor to determine whether borrowers have sufficient collateral to support their outstanding loans. The measure compares collateral value, adjusted by the applicable liquidation threshold, with the amount owed.\nUnder Aave’s rules, a health factor below 1 makes a position eligible for liquidation. Other market participants can then repay some or all of the outstanding debt and receive collateral in exchange.\nBTCS said Aave’s liquidation threshold for ETH collateral is generally 80%. Applying that percentage to the company’s November 9 figures produces an estimated health factor of 1.24 and a potential liquidation price near $1,717 per ETH.\nThe estimate assumes that the loan balance, collateral holdings and applicable protocol parameters remain unchanged. Changes in borrowing, interest or collateral would alter the calculation.\nEthereum was trading near $1,932 on November 13, down approximately 5.6% over 24 hours, according to crypto.news price data. At that price, ETH would need to fall roughly another 11% to reach the estimated liquidation level.\nBTCS Aave borrowings reach $64.1 million\nBTCS has relied on decentralized lending alongside traditional financing to support its Ethereum operations. Between January 1, 2025, and November 11, 2026, the company borrowed approximately $152.4 million in stablecoins through Aave and repaid around $89.4 million.\nIts borrowings primarily involved Tether’s USDT and Aave’s GHO stablecoin. Both are designed to maintain dollar-denominated values, while the Ethereum pledged as collateral changes in market value.\nAt September 30, the company’s DeFi borrowing balance stood at approximately $63 million. The November 9 figure reached $64.1 million, including interest.\nBTCS disclosed variable annual borrowing rates of approximately 6.54% for USDT and 4.5% for GHO as of November 9. These rates fluctuate with Aave’s lending conditions and utilization levels.\nThe borrowing strategy forms part of a longer-running effort to expand the company’s Ethereum holdings. In May 2025, BTCS arranged convertible financing to support additional purchases and validator operations.\nAs previously reported, the company had accumulated 55,788 ETH by July 2025, using equity financing, convertible debt and DeFi borrowing.\nBTCS reports $463,000 in cash amid collateral restrictions\nThe company’s September 30 balance sheet showed approximately $463,000 in cash and cash equivalents, down from $1.53 million at the beginning of 2026.\nBTCS said a substantial majority of its digital assets measured at fair value were deposited on Aave as collateral. Those holdings remain subject to protocol restrictions while the related borrowings are outstanding, limiting their availability for general corporate purposes.\nHowever, the company reported approximately $142.6 million in cash, stablecoins and liquid digital assets as of November 9. Its total debt obligations were approximately $82 million, comprising the $64.1 million Aave position and $17.9 million in convertible notes.\nAt September 30, BTCS reported total exposure to 59,856 ETH, including 49,571 ETH held at fair value and another 10,285 ETH underlying liquidity pool positions.\nManagement said the Aave loans have no fixed maturity date and remain outstanding until repaid or liquidated under the protocol’s rules. The company expects its available resources and financing arrangements to support operations for at least 12 months, subject to market conditions.\n\n\n\n\n\n                Read more:\n            \n\n                Top 5 prediction market platforms to watch in 2026","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.53.0","shortVersion":"4.53.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2683570401","isCrawlerRequest":true}