{"id":470260,"date":"2024-01-05T17:01:18","date_gmt":"2024-01-05T17:01:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=470260"},"modified":"2024-01-05T17:32:22","modified_gmt":"2024-01-05T17:32:22","slug":"celsius-to-unstake-470-million-ethereum-to-reimburse-creditors-in-move-that-may-boost-the-eth-price","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/celsius-to-unstake-470-million-ethereum-to-reimburse-creditors-in-move-that-may-boost-the-eth-price","title":{"rendered":"Celsius To Unstake $470 Million Ethereum To Reimburse Creditors In Move That May Boost The ETH Price"},"content":{"rendered":"
Troubled crypto lender Celsius will unstake its existing Ethereum holdings ahead of a planned asset distribution to creditors that may be a boost for struggling ETH.<\/p>\n
The lending firm, which gained court approval<\/a> to switch to a Bitcoin miner, said the existing Ether holdings “have provided valuable staking rewards income to the estate.”<\/p>\n In preparation of any asset distributions, Celsius has started the process of recalling and rebalancing assets to ensure ample liquidity<\/p>\n — Celsius (@CelsiusNetwork) January 4, 2024<\/a><\/p><\/blockquote>\n\n