We are excited to bring this process one step closer to completion today. We realize how prolonged & difficult this has been for the community. Our goal is not to make you whole in crypto or in fiat. Our goal is to make you multiples on the crypto you put on the Celsius platform.
Three thoughts about the upcoming Celsius auction...
1.) Listing on the Nasdaq (or any centralized exchange) is a long and uncertain process. I think regulatory counsel would suggest this could take over a year if it happens at all. I believe Figure can support secondary trading on our ATS quickly.
2.) There will be lots of creditors who will want to sell on day one. Liquidity doesn’t just show up regardless of where the stock is listed. $100’s of millions of bids need to be lined up to support day one selling – otherwise the stock crashes before anyone gets out. I believe NovaWulf/Figure are in the best position to line up this capital – I’ve raised over $2 billion in equity capital for disruptive fintech and blockchain and NewCo is disruptive fintech and blockchain.
3.) For those who stay, there is a phenomenal opportunity to use this listing as a catalyst for broad market disruption. Figure is pioneering blockchain transactions on Provenance Blockchain in lending, payments and markets with over $12B in real world blockchain transactions to date. I am working on tangible ways to build tight alignment between Figure and NewCo shareholders that will be part of NovaWulf’s bid, including Figure equity.
Looking forward to closing this stage of the process and working expeditiously towards launching the best solution for creditors.
NOTE: none of the bidders has any control over retail clawbacks or the price of the CEL token. I understand the frustration there, but it's outside of my control.
@CelsiusUcc @NovaWulfDigital @CelsiusNetwork@Figure@provenancefdn
Excited to be working with the community to drive this forward. Best (and fastest) bid for day 1 liquidity for those who want to sell, and best ongoing value for those who want to stay in. @CelsiusUcc#blockchain@CelsiusNetwork @NovaWulfDigital @galaxyhq
Galaxy is a steadfast proponent of improving access to digital assets. A digitally native, public equity token could be a milestone for the sector’s growth and adoption. The proposed transaction for the bankrupt Celsius assets by @NovawulfDigital & @Figure is an excellent example
Really enjoyed hearing from the community last night - thank you to everyone who joined. We know the prepared remarks portion of the agenda felt a bit scripted (it was), but it was important for us that the language was accurate and precise. We've seen how thorough you all are 😀
Thanks for making my first Twitter Spaces a memorable one.
To quickly recap:
- We aren't in favor of retail clawbacks
- NewCo has nothing to do with my last name
- "ShareWulfers" was not intentional