Bhutan Sovereign Wealth Fund leverages $459 million to go long on ETH, with holdings reaching 117,000 tokens.

TokenomicsTrapper · 2026-01-20T00:42:12+00:00

Bhutan's Sovereign Wealth Fund Druk Holdings recently conducted a large-scale ETH purchase through its wallet, extracting 42,000 ETH and $54 million USDT, swapping USDT for ETH and investing in Aave. At the same time, they lent out 275 million USDT, with a leveraged position of 117,000 ETH, reflecting strong institutional confidence in ETH, which is worth continuous observation.

TokenomicsTrapper

2026-01-20 00:42:12

Abstract generation in progress

【Blockchain Rhythms】On January 20th, data detected an interesting large transaction. A wallet associated with the Bhutan Sovereign Wealth Fund Druk Holdings has recently been actively long ETH.

Specifically, this address withdrew 42,000 ETH and $54 million USDT from a top-tier trading platform. Then, they exchanged the USDT for ETH and fully invested it into Aave. More aggressively, they borrowed 275 million USDT on Aave to continue buying ETH.

Calculations show that this leveraged position has now accumulated to 117,000 ETH, equivalent to approximately $459 million RMB. If a sovereign wealth fund does this, it indicates that institutions are quite optimistic about ETH. The risks and rewards of this move are significant, and it’s worth monitoring subsequent developments.

ETH-6,9%

AAVE-6,28%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
3
Repost
Share

Comment

0/400

SatoshiHeir

· 19h ago

It should be pointed out that the technical origin behind Bhutan's recent actions is worth a deep dive—borrowed leverage of 275 million USDT, which has already broken through the risk framework of traditional sovereign funds. On-chain data indicates that the accumulation of 117,000 ETH essentially serves to verify a point: institutions are hedging fiat currency devaluation expectations with a value consensus. Clearly, this is not just a simple long position, but a vote of confidence in Ethereum's infrastructure. That said, looking at this operation method, it's a bit crazy... but I like it.

View OriginalReply0

LeverageAddict

· 19h ago

If even Bhutan dares to do this, it seems like it's really about to take off.

View OriginalReply0

0xInsomnia

· 20h ago

Bhutan's recent leverage operation is really aggressive, directly stacking 117,000 ETH. This pace is not something ordinary institutions would dare to do.

View OriginalReply0