A Breakdown of Celsius' Chapter 11 Filing

InstitutionalJuly 19, 2022, 8:55AM EDT
UPDATED: April 28, 2023, 5:56PM EDT
A Breakdown of Celsius' Chapter 11 Filing
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Founded in 2017 by Alex Mashinsky, S. Daniel Leon and Nuke Goldstein, Celsius provides trading, staking, rewards and credit products in the digital asset ecosystem. 

On Oct-21, Celsius acquired GK8, a cold storage crypto custody platform, for ~$115mm. Dec-21 marked Celsius’s $600mm Series B at a ~$3.0bn valuation. By May-22, Celsius raised a total of ~$690mm in Series B. 

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