WLFI's strategic reserves have converted approximately $15.07 million worth of WBTC into WETH.
TL;DR
WLFI Strategic Reserve converted $15.07M WBTC to WETH, resulting in a $1.98M loss. The WBTC was bought at an average of $104,710.55, and the WETH was acquired at $3,260.88 per token.
Tags
According to Odaily Odaily, crypto analyst Ai Yi (@ai_9684xtpa) reports that the WLFI Strategic Reserve address has converted all of its WBTC holdings, worth approximately $15.07 million, previously withdrawn from Aave into WETH. The address's WBTC holdings are now fully liquidated.
Monitoring data shows that the aforementioned WBTC was purchased at an average price of approximately $104,710.55 between January and February 2024, and the sale is expected to result in a loss of approximately $1.978 million. At the same time, the address received a total of 4,611.65 WETH, corresponding to an average cost of approximately $3,260.88.