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WLFI Strategic Reserve Completes $15.07 Million WBTC Liquidation at $1.98 Million Loss

The reserve converted its Wrapped Bitcoin holdings into over 4,600 Wrapped Ether, reflecting a significant portfolio shift.

WBTC
WETH

Summary

WLFI Strategic Reserve sold $15.07 million in Wrapped Bitcoin (WBTC), acquiring 4,611.65 Wrapped Ether (WETH) and concluding its WBTC liquidation. Initially purchased in early 2024 at an average $104,710.55 per WBTC, the sale resulted in a $1.978 million loss. The newly acquired WETH carries an average cost of $3,260.88.

Terms & Concepts
  • Wrapped Bitcoin (WBTC): A tokenized version of Bitcoin on the Ethereum blockchain, fully backed by Bitcoin reserves.
  • Wrapped Ether (WETH): A token representing Ether (ETH) that is compliant with the ERC-20 standard on the Ethereum blockchain.
  • Liquidation: The process of selling off assets, often to reallocate holdings or access funds.