@Stocker
The Celsius Network crypto exchange has been given approval to sell some the mined bitcoin in their possession to cover for their operations and help them settle their customers as well. Now, what happens if the mined bitcoin is sold and it doesn't cover for the lapses already in place. What happens next after this? Will the bitcoin in their possession affect the market when sold? Let's see what happens and if Celsius Network remain in business after this. https://www.reuters.com/legal/litigation/crypto-lender-celsius-gets-court-sign-off-sell-bitcoin-not-stocks-or-debt-2022-08-16/ #Noisecash #Cryptocurrency #Cryptotrading
2 comments
and if they weren’t mining the BTC some one else would be and selling them any way they will probably be bought by Blackrock as they will be on a buying spree
they spent 5.2 million setting the mining facilty up about a month ago, so any BTC they sell will have negible impact