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BTC $44528.19 (1.41%)
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USDT $1.00 (0.03%)
BCH $545.27 (-0.3%)
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Celsius Network Hits $20M in Equity Crowdfunding

Celsius Network Hits $20M in Equity Crowdfunding

The Celsius platform has recently raised over $20 million through its equity crowdfunding. This will enable investors to earn up to 11.55%-15.89% APY.

In the initial stage, the crowdfunding of the platform met its $15 million target quickly. This event triggered the Celsius team to announce a crowdfunding extension last week, August 21. The extension enabled the platform to generate a total of $20 million, with 18 investors away from hitting 1000 Celsians — the community who supports this project.

According to a published report on June 11, 2020, the blockchain-based lending and investment platform has announced that it will be offering a $15 million equity crowdfunding for both US and non-US investors. Initially, they had partnership with BnkToTheFuture, an online investment platform, to allow their community to participate in their equity offering. As planned, it will also join hands with other clients including leading crypto exchanges Kraken, BitStamp, and Bitfinex.

Alex Mashinsky, the CEO of Celsius, further stated:

Every decision we make as a company, big and small, must go through a very simple checklist: does it benefit the community. After allowing thousands to participate in our ICO, we are proud to partner with BnkToTheFuture to enable our community to be the first to be the first to participate in our equity fundraising.

Running investment rounds since June, the last 24 hours of the said extension still welcomed 20 new participants who pledged to invest over $171,000 for the network’s crowdfunding.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.