Blog
/
Expert verified
5 min read

FTX Reportedly Seeks To Acquire Celsius’ Assets

Ayush Pande
Written by:
Ayush Pande
Reviewed by:
Ayush Pande
FTX Reportedly Seeks To Acquire Celsius’ Assets
Our Editorial Standards:

Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Risk Warning and Our Editorial Process.

Key Takeaways

  • Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique.
  • Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique.

Reports state that Sam Bankman-Fried, CEO of FTX, is considering bidding on bankrupt crypto lender Celsius’ assets.

According to sources, FTX has now set its sights on Celsius, with the intent of bailing the latter out of bankruptcy. The news coincides with FTX’s plans of raising $1B in a private funding round. 

FTX’s acquisition of Celsius will allow the firm to enter more sectors of the crypto industry. This is because Celsius owns a Bitcoin mining firm, in addition to its crypto lending business. 

It is currently unknown whether FTX seeks to purchase some or all of Celsius’ assets.

Following these reports, the CEL token saw an increase in its prices. The token's prices spiked by 16%, with its 24-hour price-change up by 0.96%.

Interestingly, Ripple Labs also showed interest in acquiring Celsius’ assets back in August. The firm, however, has not provided any follow-up ever since.

FTX has been on a bailout spree for the last couple of months. In July, Sam Bankman-Fried provided $250M as a credit facility to BlockFi

A few days ago, FTX secured the winning bid for the auction of Voyager Digital's assets by out-bidding Binance and CrossTower. The exchange’s bid was valued at $1.422B. This includes $1.311B worth of Voyager’s crypto holdings and $111M as “additional consideration.”

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Risk Warning and the Bitcompare Editorial Process.

FTX Reportedly Seeks To Acquire Celsius’ Assets

According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.
Dot
April 7, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Sam Bankman-Fried; Photo Source: Forkast

Reports state that Sam Bankman-Fried, CEO of FTX, is considering bidding on bankrupt crypto lender Celsius’ assets.

According to sources, FTX has now set its sights on Celsius, with the intent of bailing the latter out of bankruptcy. The news coincides with FTX’s plans of raising $1B in a private funding round. 

FTX’s acquisition of Celsius will allow the firm to enter more sectors of the crypto industry. This is because Celsius owns a Bitcoin mining firm, in addition to its crypto lending business. 

It is currently unknown whether FTX seeks to purchase some or all of Celsius’ assets.

Following these reports, the CEL token saw an increase in its prices. The token's prices spiked by 16%, with its 24-hour price-change up by 0.96%.

Interestingly, Ripple Labs also showed interest in acquiring Celsius’ assets back in August. The firm, however, has not provided any follow-up ever since.

FTX has been on a bailout spree for the last couple of months. In July, Sam Bankman-Fried provided $250M as a credit facility to BlockFi

A few days ago, FTX secured the winning bid for the auction of Voyager Digital's assets by out-bidding Binance and CrossTower. The exchange’s bid was valued at $1.422B. This includes $1.311B worth of Voyager’s crypto holdings and $111M as “additional consideration.”

FTX Reportedly Seeks To Acquire Celsius’ Assets

HomeCrypto lending
Contents
Sam Bankman-Fried; Photo Source: Forkast

Reports state that Sam Bankman-Fried, CEO of FTX, is considering bidding on bankrupt crypto lender Celsius’ assets.

According to sources, FTX has now set its sights on Celsius, with the intent of bailing the latter out of bankruptcy. The news coincides with FTX’s plans of raising $1B in a private funding round. 

FTX’s acquisition of Celsius will allow the firm to enter more sectors of the crypto industry. This is because Celsius owns a Bitcoin mining firm, in addition to its crypto lending business. 

It is currently unknown whether FTX seeks to purchase some or all of Celsius’ assets.

Following these reports, the CEL token saw an increase in its prices. The token's prices spiked by 16%, with its 24-hour price-change up by 0.96%.

Interestingly, Ripple Labs also showed interest in acquiring Celsius’ assets back in August. The firm, however, has not provided any follow-up ever since.

FTX has been on a bailout spree for the last couple of months. In July, Sam Bankman-Fried provided $250M as a credit facility to BlockFi

A few days ago, FTX secured the winning bid for the auction of Voyager Digital's assets by out-bidding Binance and CrossTower. The exchange’s bid was valued at $1.422B. This includes $1.311B worth of Voyager’s crypto holdings and $111M as “additional consideration.”

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Reports state that Sam Bankman-Fried, CEO of FTX, is considering bidding on bankrupt crypto lender Celsius’ assets.

According to sources, FTX has now set its sights on Celsius, with the intent of bailing the latter out of bankruptcy. The news coincides with FTX’s plans of raising $1B in a private funding round. 

FTX’s acquisition of Celsius will allow the firm to enter more sectors of the crypto industry. This is because Celsius owns a Bitcoin mining firm, in addition to its crypto lending business. 

It is currently unknown whether FTX seeks to purchase some or all of Celsius’ assets.

Following these reports, the CEL token saw an increase in its prices. The token's prices spiked by 16%, with its 24-hour price-change up by 0.96%.

Interestingly, Ripple Labs also showed interest in acquiring Celsius’ assets back in August. The firm, however, has not provided any follow-up ever since.

FTX has been on a bailout spree for the last couple of months. In July, Sam Bankman-Fried provided $250M as a credit facility to BlockFi

A few days ago, FTX secured the winning bid for the auction of Voyager Digital's assets by out-bidding Binance and CrossTower. The exchange’s bid was valued at $1.422B. This includes $1.311B worth of Voyager’s crypto holdings and $111M as “additional consideration.”

Written by
Ayush Pande