Argo was able to sell its UST positions at 93 cents per token before the price fully collapsed, according to Wall. Most recently, UST was still trading around 10 cents according to CoinDesk’s price index. “Looking back [selling at that level] was a very good move given last time I checked it was trading around 12 cents,” Wall said during the call. “Overall, on a net basis, in the Terra ecosystem, we nearly broke even on our positions, after taking into consideration the yield that we generated through our holdings,” he added.
Related posts
-
Blackrock reveals large Bitcoin ETF stake with 43,000 shares
In a recent filing with the SEC, BlackRock’s Global Allocation Fund disclosed its ownership of an... -
Bitcoin miner Bitdeer to launch 570 MW power facility in Ohio
Bitdeer has secured a 30-year lease for land at the Monroe County Port Authority-owned Hannibal Industrial... -
Bitcoin Awaits PCE Inflation Report
Solana’s SOL token has outperformed Ethereum’s ETH token this week after New York-based investment management firm...