The CEO of “Celsius” reveals a huge financial hole in the company’s balance sheet…Details here
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The CEO of “Celsius” reveals a huge financial hole in the company’s balance sheet…Details here
Celsius CEO Alex Mashinsky admitted that the company has a balance sheet gap of $1.2 billion, according to the company. for documents Company bankruptcy.
Previously, it was rumored that a huge gap in the balance sheet was the reason why cryptocurrency exchange FTX was overtaken by the acquisition of Celsius.
Cryptocurrency lender Celsius, which has become a beleaguered company, runs $4.3 billion in assets and $5.5 billion in liabilities.
The company has invested a significant portion of its clients’ money in its mining operations with a line of credit of $750 million.Read:Report: Cardano ranks first in terms of development and commitment over the past year
Celsius also obtained a $108 million loan from FTX that was secured by $403 million in assets.
The bankruptcy documents also show that the company raised just $600 million in 2021 instead of $750 million.Read:Bank of America: Bitcoin surge is ‘mother of all bubbles’
We reported on Arab Bitcoin yesterday about the company’s recent and official filing for bankruptcy protection.
The number of Saudi investors in cryptocurrency doubled in the last six months
Michael Saylor reveals the true value of Bitcoin amid record inflation
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time