Bhutan's sovereign wealth fund, Drug Holdings, used an address linked to leverage its long ETH position through Aave.

The company withdrew 42,000 ETH and $54 million USDT from Binance, converted the USDT into ETH and deposited it into Aave, and then borrowed $275 million USDT to further purchase ETH. Currently, this leveraged position comprises approximately 117,000 ETH, worth about $459 million.