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Crypto Lender Celsius Approved to Sell Mined Bitcoin And Gets Cash-Injection Offers
Summary: Accroding to Coindesk, parties in crypto lender Celsius's bankruptcy proceedings met again today to settle a number of matters related to the firm's operations as it faces a possible reorganization. A bankruptcy court judge approved Celsius's plans to sell bitcoin it's mined to fund its operations. A document filed prior to the hearing showed that ...
Accroding to Coindesk, parties in crypto lender Celsius's bankruptcy proceedings met again today to settle a number of matters related to the firm's operations as it faces a possible reorganization. A bankruptcy court judge approved Celsius's plans to sell bitcoin it's mined to fund its operations. A document filed prior to the hearing showed that Celsius mined $8.7 million worth of bitcoin in July.
Celsius Network said it has gotten several proposals to inject cash into the company. Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were.
By Amy Liu
Tags: Bitcoin,Celsius
Link: Crypto Lender Celsius Approved to Sell Mined Bitcoin And Gets Cash-Injection Offers [Copy]
