With Over 150,000 Bitcoin, Celsius Holds More Than MicroStrategy, Galaxy Digital, and Coinbase
Apr 07, 2022, 13:30 ET
HOBOKEN, N.J., April 7, 2022 /PRNewswire/ -- Celsius, the leading global cryptocurrency lending and borrowing platform, announced at the Bitcoin 2022 conference that it now holds over 150,000 Bitcoin. In addition, Celsius announced that it has now paid rewards of nearly 6,100 Bitcoin to its community.
Celsius, a private company, holds more Bitcoin than public companies such as Microstrategy (even after its recent Bitcoin purchase), Tesla, Galaxy Digital, Square, and Coinbase, according to holdings tracked by CoinGecko.
Celsius Chief Growth and Product Officer Tushar Nadkarni shared the news during the Onboarding Retail panel.
"Our mission at Celsius is 'to put unparalleled economic freedom in the hands of the people,' and Bitcoin ownership is a key factor in that freedom," said Nadkarni after the panel.
"Our team is working every day to increase the simplicity, accessibility, and security of our platform, building solutions for both Bitcoin veterans and newcomers alike," he continued.
"There is no greater validation of the Celsius approach than the fact that our community trusts us with their Bitcoin, and, by extension, their financial future."
Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Built on the belief that financial services should only do what is in the best interest of the customers and community, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network.
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SOURCE Celsius Network
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