BTCS Inc. has borrowed an additional $10.0 million in USDT from the AAVE decentralized finance (DeFi) protocol, bringing its total outstanding borrowings on the platform to approximately $53.0 million. The company is actively managing its AAVE position under a board-approved 50% loan-to-value (LTV) cap, and the proceeds from this new loan were used to acquire additional digital assets for its liquidity pool operations.
Key Details
- New Borrowing: The company borrowed $10.0 million USDT on August 21, 2026.
- Total DeFi Position: Total debt on the AAVE protocol is now ~$53.0 million, collateralized by approximately 46,531 ETH (valued at ~$112.6 million at the time).
- Loan Terms: The loan carries a variable interest rate (approx. 3.98% at borrowing) with no fixed maturity but is subject to liquidation risk based on collateral value.
- Use of Proceeds: The funds were used to acquire more Ethereum (ETH) and USDC for deployment into liquidity pools via the company's Imperium business.