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Ethereum Treasury Firm Drops $5M on CryptoPunk—Then Leverages It for Stablecoin Loans
Ethereum Treasury Firm Drops $5M on CryptoPunk—Then Leverages It for Stablecoin Loans
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An Ethereum-focused treasury firm just made a splash in the NFT space—snagging a CryptoPunk for a cool $5 million. But here’s the twist: they’re not just hodling. They’re using it as collateral to borrow stablecoins, blending blue-chip NFTs with DeFi in one audacious play.
From JPEGs to Yield Machines
The move highlights how top-tier NFTs are evolving beyond status symbols into financial instruments. Borrow against your digital art? Why not—especially when liquidity matters more than flexing.
The Fine Print (and the Irony)
Sure, leveraging illiquid assets for loans isn’t new—Wall Street’s been doing it for decades. But doing it with a pixelated punk? That’s crypto’s version of 'innovative finance.' Just don’t mention the gas fees.
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