In a court filing, the Caisse de dépôt et placement du Québec-backed cryptocurrency lending startup said it plans to use Bitcoin from its mining operations to grow its holdings. The New Jersey-based company will also consider “asset sales and third-party investment opportunities.” (The Logic)
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In a court filing, the Caisse de dépôt et placement du Québec-backed cryptocurrency lending startup said it plans to use Bitcoin from its mining operations to grow its holdings. The New Jersey-based company will also consider “asset sales and third-party investment opportunities.” (The Logic)
Talking point: Celsius Network filed for bankruptcy last week after suspending customer withdrawals in June. The filing says the company is seeking to use the Chapter 11 process to “provide customers with the option, at the customers’ election, to recover either cash at a discount or remain ‘long’ crypto,” in addition to maximizing shareholder value and restructuring the business. The company had US$4.3 billion in assets and US$5.5 billion in liabilities as of July 14. Chief financial officer Rod Bolger, a former executive at RBC, left the company in June after just five months in the role.
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