Celsius Network valued at $3.1B following independent review
Celsius is expected to grow its assets under management by 25% annually through 2025, according to Alpha Sigma Capital. Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion.It appears that “Celsius is currently undervalued," Alpha Sigma Capital said in its analysis, referring to the $126.14 million in revenue the company generated last year. Based on current year-to-date growth, Celsius appears to have....
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In a recent development, the Bankrupt crypto lending firm Celsius Network has transferred its crypto holdings amid its ongoing legal battles and plans to repay its customers. Celsius Network Transfers $30 Million Worth Of Crypto In a post shared on his X (formerly Twitter) platform, software engineer Cam Crews confirmed that Celsius had transferred around […]
The Celsius Network proceedings are still garnering a lot of interest given that almost 2 million investors currently have their funds stuck on the network. Last week, the company published a massive document that had the names and the amount owed to creditors after it suspended withdrawals. Celsius explained that it had done so at […]
Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins. CEL price spikes 30% as seen in the past 24 hours Price slumps 13.21% despite improvement in social media metrics ETH Merge to impact CEL performance Celsius Network has recently filed for bankruptcy in July and is now in Chapter 11 proceedings. More so, the network has also requested for court authorization on its plans to dispose its stablecoins to pump up liquidity needed for its operations. Once this is approved by Martin Glenn, the U.S. presiding....
Celsius Network has seen months of turmoil as the company halted operations, was hit with lawsuits and filed for bankruptcy in the United States. Now, its CEO and founder Alex Mashinsky submitted his letter of resignation, according to a press release. Related Reading: Celsius Network Investment Results In $150M Loss For Canadian Fund Giant The […]
Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company's lending and yielding brand. Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise.The company is now valued at $3.5 billion following the raise and CEO Alex Mashinsky told Cointelegraph he expects that figure to “double or triple” next year which would see it valued between $7B and $10.5BThe firm previously closed the round on Oct.....