https://decrypt.co/105089/celsius-bitcoin-mining-subsidiary-joins-crypto-lender-bankruptcy-filingCelsius Chapter 11 Bankruptcy
Celsius is taking a massive hit, due to " Subsidiaries" under performing. This Subsidiary Company ,Celsius Mining, had Submitted a Registration Statement with U.S Securities & Exchange Commission (SEC) to Launch an Initial Public Offering (IPO) a couple weeks before its Holding Company, Celsius, "Abruptly Froze Withdrawal From their Platform"
Celsius Expenses:
- " 500 Million in its Mining Operations"
- " 200 Million on Mining Equipment"
- " Made A Deal With Australian Bitcoin Mining Company ' Mawson Infrastructure ' for 3.85 Million for One Share Of Common Stock @ 6.50"
If you continue reading you can see other Large Corporations are Filling for Bankruptcy Protection to either:
Provide complete or partial relief of debts and contracts,
assuming the business will remain in operation, or
the business may cease operation and sell off its assets to pay debts.
This last part is important, because Selling all of what Celsius owns to would be the death of many retail investors investments. So we must assume that Celsius will remain operable and will be relief from debt to allow the show to go on.
This is not going to have a MAJOR impact on the Crypto Market, because I see other LARGER corporations still leading this Digital Age Race. But one thing that does worry me is the fact that this TOO can happen to these Larger Corporations and they would have to Sell Off Its Assets to pay back debts .
This News and more news ahead are going to continue to bash large Exchanges and Coins to implement fear upon the market. This fear is a game of Manipulation. The Richer and to be Wealthier and the Wealth want to be in control, so what is a better way for control, than to Push The Market To Historical Levels and Rob Corporations to File for bankruptcy and have more coins to accumulate?
This last part was a rant,


