Celsius Claimholders Get Liquidity as Ionic Digital Jumps 26% in Nasdaq Debut

Celsius claimholders get liquidity as Ionic Digital jumps 26% in Nasdaq debut

The bitcoin miner reached a market valuation of roughly $2.8 billion based on its 44.9 million outstanding shares.

Ionic Digital jumps 26% in Nasdaq debut

Ionic Digital rose 26% from its opening price to close at $62.90, valuing the Celsius-linked Bitcoin miner near $2.8 billion.

Celsius-Linked Ionic Digital Jumps 26% in Nasdaq Debut

Ionic Digital climbed 26% from its opening price in its Nasdaq debut, closing with a market capitalization of about $2.8 billion after its direct listing.

Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut - Invest In Crypto News

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Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut

On July 28, Ionic Digital, which acquired Celsius Mining assets after Celsius Network’s bankruptcy, began trading on Nasdaq under the ticker IOND. The direct listing created a public market for existing Class A shares, including shares issued in connection with the Celsius bankruptcy plan, but it did not automatically let every holder of creditor-linked stock sell. Related Reading Celsius distributes $2.53 billion, some creditors leave funds un…

Celsius Creditors Get a Boost as Ionic Digital Hits $2.8B Valuation on Nasdaq

Key highlights:Ionic Digital goes live on the Nasdaq, marking a 26% surge on the first dayThe Celsius Network creditors have received 37 million sharesThe creditors can now recover a portion of their lost fundsAfter two years of the Celsius Network collapse, the investors are now getting a boost. Ionic Digital, the Bitcoin mining company created from the bankrupt lender’s mining assets, has gone live on the Nasdaq. On the first day of trading it…