<a href="https://laohu8.com/S/BTCS">BTCS Inc.</a> Expands Borrowing with Additional $2.34 Million USDT Loan from AAVE, Totaling $17.8 Million in DeFi Financing
BTCS Inc. Expands Borrowing Capacity with New AAVE Loan Agreement In a strategic move to bolster its cryptocurrency holdings, BTCS Inc. has secured an additional $2.34 million USDT loan from AAVE, a decentralized finance lending protocol. This latest borrowing brings BTCS's total exposure on the AAVE platform to approximately $17.8 million USDT. The loan is backed by around 16,232 Ethereum $(ETH)$, valued at $49.1 million, with no fixed maturity date. However, the company must maintain a health factor above one to avoid liquidation risks. The loan's interest rate, determined by AAVE's smart contract, stood at about 5.4% per annum at the time of the transaction. The proceeds are earmarked for acquiring more ETH, aligning with BTCS's strategy to enhance its NodeOps business. As of July 14, 2025, the company's ETH holdings were valued at approximately $96.2 million, contributing to a total cryptocurrency and cash holding value of $100.6 million.
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