Crypto Lender Celsius Says $70M Cash Relief Will Bolster Efforts to Survive the Year

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Crypto Lender Celsius Says $70M Cash Relief Will Bolster Efforts to Survive the Year

According to the Celsius’ provision, it expects to receive the majority of the repayment by October 7. The forecast shows that its disposable cash balance will stand at $42 million by the end of November. Extrapolating its weekly net cash flows, the cash pile will only barely last through the end of this year. www.coindesk.com

According to the Celsius’ provision, it expects to receive the majority of the repayment by October 7. The forecast shows that its disposable cash balance will stand at $42 million by the end of November. Extrapolating its weekly net cash flows, the cash pile will only barely last through the end of this year.

www.coindesk.com