BTCS swapped roughly $8.65 million of ETH into USDT to repay principal and interest on Aave during the second quarter. The company ended with just $317,113 in cash and stablecoins while $88.1 million remained exposed to crypto markets, staking, and DeFi risks. It reported no liquidation through August 17 but provided no position-specific liquidation price. Total assets stood at $89.3 million against $50.4 million in liabilities, including $36 million in DeFi protocol loans. The second-quarter net loss of $34.9 million included $21.4 million in unrealized digital-asset losses.
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