Caisse de dépôt et placement du Québec bought 7,328 Series B shares of Celsius for $20,469 apiece in October 2021, according to company U.K. regulatory filings viewed by Radio-Canada. CDPQ declined to provide details of its holdings to Radio-Canada. (Radio-Canada)

Talking point: Celsius customers earn interest by depositing their cryptocurrency holdings with the Hoboken, N.J.-headquartered firm, and can also borrow from it using their digital coins as collateral. CDPQ co-led the US$400-million funding round for the company in October, its first crypto investment, but it has never publicly disclosed the size of its stake. Since then, Celsius has been the subject of less positive headlines. In November 2021, it suspended a staff member involved in a police investigation in Israel, which the firm said was “in no way related” to itself, and the U.S. Securities and Exchange Commission is reportedly reviewing the firm’s business practices. Customers’ holdings deposited with Celsius have dropped from a peak of $27 billion around the time CDPQ invested to $12 billion this month, mirroring the plummeting price of many cryptocurrencies.