One of the hedge funds at the center of the Celsius ($CEL.X) collapse, Three Arrows Capital, has been formally and legally ordered by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands to liquidate. New York-based Teneo was tapped to handle the liquidation.
How that will affect the co-founder’s desire to get a bailout or a buyer is not known. We’ll keep you updated on that.
One’s loss is another’s gain. MicroStrategy ($MSTR) CEO Michael Saylor confirmed this morning that they had purchased an additional 480 Bitcoin ($BTC.X) for roughly $10 million. Now hodling nearly 130,000 Bitcoin with an average cost of $30,664 per Bitcoin. 👍