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Canada Pension Fund has written off a C$200 million Celsius investment



Time:8/18/2022 12:32:14 PM

[Canadian Pension Fund has written off a C$200 million Celsius investment] Jinse Finance reported that the Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) disclosed on Wednesday that it has written off a C$200 million Celsius investment. CEO Charles Emond said the fund was "too early" for the cryptocurrency industry to be in transition. Out of an abundance of caution, they have written off their investment.

Previously, on October 12, 2021, the cryptocurrency lending platform Celsius Network completed US$400 million in equity financing, led by WestCap and Caisse de dépôt et placement du Québec (CDPQ), with a post-money valuation of more than US$3 billion.

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