Celsius Network Now Holds More Than 150,000 Bitcoin

Celsius Network, a crypto lending company, reports that it now holds over 150,000 BTC in its loan portfolio.

Dean Fankhauser1 min read
Celsius Network Now Holds More Than 150,000 Bitcoin

Celsius Network, a crypto lending company, announced that it now holds over 150,000 BTC in its loan portfolio. This is a significant increase from the 115,000 BTC the company reported holding in mid-March.

The company offers loans in both fiat and cryptocurrency, allowing users to borrow against their holdings. It currently has over $4 billion in assets under management.

Celsius Network CEO Alex Mashinsky said that the increase in BTC holdings is due to the company's "growing popularity" and the increasing value of Bitcoin. He also said that Celsius plans to use some of the loaned BTC to expand its operations into new markets.

Mashinsky added that Celsius is "dedicated to growing the crypto economy" and that it plans to continue lending against Bitcoin and other cryptocurrencies.

Celsius Network is a crypto lending company that has seen a significant increase in the amount of BTC it holds in its loan portfolio, recently surpassing 150,000 BTC. The company offers loans in both fiat and cryptocurrency, allowing users to borrow against their holdings. It currently has over $4 billion in assets under management.

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