🚀Celsius Network Unstakes $227M Ethereum💰

Bankrupt crypto lender Celsius Network is set to unstake its Ethereum holdings, valued at around $227M, to distribute assets to creditors🔜. Eligible creditors will receive Bitcoin (BTC) and Ethereum (ETH) as part of the approved plan📋.

Key points:

- Celsius has 206,300 ETH awaiting withdrawal, 32% of all ETH in the queue📊

- Qualified users can withdraw 72.5% of their crypto until Feb. 28🗓️

- Celsius received approval to transition into Bitcoin mining⛏️

- Plans to establish a publicly traded Bitcoin mining company🏢

Excited about Celsius' reorganization? Share your thoughts below!👇