Looks like Celsius might be distributing 1.98 billion of their remaining ETH to creditors instead of selling it. Bullish

Information Systems Auditor | Love Rational Skepticism (à la Carl Sagan)

So they’ve been staking this whole time? How much did they make in rewards? That must have been a serious boon to the treasury, is it why they’re able to pay out now?

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Great, so I have a new business plan:

1) Borrow / raise millions of dollars
2) Stake and declare bankruptcy
3) Drag the court proceedings for as long as possible
4) Unstake, repay principal to creditors, pocket the staking rewards
5) Profit

Yes. Celsius credited staking rewards as helping to make creditors whole.