Two new consortiums, Fahrenheit and the Blockchain Recovery Investment Committee, will participate in the Celsius Network asset auction on April 25 in New York. Fahrenheit includes Arrington Capital, Coinbase, Proof Group Capital Management, former Algorand CEO Stephen Kokinos and investment banker Ravi Kaza. The Blockchain Recovery Investment Committee includes Gemini, VanEck, mining company Global X Digital and Plutus Lending. The two consortiums are now vying for assets with first bidder NovaWulf Digital Management. NovaWulf is offering a cash contribution of between $45 million and $55 million, as well as the creation of a new public platform where customers can get back up to 70% of their funds.
Coinbase and Gemini will participate in the Celsius asset auction
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