Bhutan’s sovereign wealth fund reduced its Ethereum exposure further, lowering debt and improving Aave account health to 1.17 amid high leveraged positions.
Bhutan’s Druk Holdings decreased its Ethereum holdings by 26,535 ETH on February 2, reducing exposure and slightly improving its Aave account health rate to 1.17. The fund now holds 51,710.6793 staked Ether (stETH) and owes 79.75 million USDT, down from 137.8 million previously reported. Its leveraged ETH position had peaked at 117,000 ETH worth $459 million. This continued reduction in ETH positions aims to manage liquidation risks on the decentralized lending platform.