coin-img-XAUTXAUT+0.12%coin-img-ASTERASTER-1.88%coin-img-HYPEHYPE-1.15%coin-img-UNIUNI+0.10%coin-img-ETHETH-0.53%coin-img-BTCBTC-0.21%coin-img-SOLSOL-0.16%coin-img-XRPXRP+0.25%coin-img-XAUTXAUT+0.12%coin-img-ASTERASTER-1.88%coin-img-HYPEHYPE-1.15%coin-img-UNIUNI+0.10%coin-img-ETHETH-0.53%coin-img-BTCBTC-0.21%coin-img-SOLSOL-0.16%coin-img-XRPXRP+0.25%coin-img-XAUTXAUT+0.12%coin-img-ASTERASTER-1.88%coin-img-HYPEHYPE-1.15%coin-img-UNIUNI+0.10%coin-img-ETHETH-0.53%coin-img-BTCBTC-0.21%coin-img-SOLSOL-0.16%coin-img-XRPXRP+0.25%coin-img-XAUTXAUT+0.12%coin-img-ASTERASTER-1.88%coin-img-HYPEHYPE-1.15%coin-img-UNIUNI+0.10%coin-img-ETHETH-0.53%coin-img-BTCBTC-0.21%coin-img-SOLSOL-0.16%coin-img-XRPXRP+0.25%

Bhutan Sovereign Fund-Linked Wallet Establishes $459M Leveraged ETH Position

An address linked to Bhutan’s sovereign wealth fund Druk Holdings opened a leveraged Ethereum (ETH) long totaling about 117,000 ETH—worth roughly $459 million—as of Jan. 20, BlockBeats reported, citing analysis by Emmett Gallic. The wallet withdrew 42,000 ETH and $54 million USDT from Binance, converted the USDT to ETH, deposited the assets into Aave, and borrowed $275 million USDT to buy more ETH, significantly increasing its exposure.
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