Not a joke! Fahrenheit has won a bid to acquire insolvent lender Celsius Network at $2B

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Celsius Fahrenheit crypto
Celsius Fahrenheit crypto

This must be a new definition of “win” that I hadn’t previously encountered…

Fahrenheit, a consortium of buyers that includes venture capital firm Arrington Capital and miner US Bitcoin Corp, was selected as successful bidder following a lengthy auction process.

So Fahrenheit is an entity created especially for this acquisition. The name is an intentional play on Celsius, not a coincidence. But still… LOL!

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1 Comment

  1. What type of fookery is this? Why pay 2 Billion to acquire an insolvent lender?
    Insolvent = worthless. Maybe I missed something?

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