Canada’s $300 Billion Pension Fund Loses $150M From Celsius

Caisse de Depot et Place du Quebec (CDPQ), one of Canada’s largest pension funds, announced that it lost $150 million due to bankrupt crypto lending platform Celsius Network.

CDPQ 17 August Sourced from the crypto lending platform Celsius Network, which is currently in bankruptcy proceedings. 150 million reported a loss of $. company CEO Charles Edmond In his statement, he stated that they knew that there is a general risk associated with crypto assets, but they may have underestimated this risk a bit.

company of the year to the first half In his performance presentation published on 26 billion dollar loss. This total asset value to 7.9% it corresponds.

CDPQ, October of 2021 The total market value of cryptocurrencies in the month 3 trillion as it approaches the dollar Celsius Network announced that it has been added to its portfolio. CDPQ on adding Celsius to portfolio Chief Technology Officer Alexandre Synnett for Celsius in a press release, “The world’s leading crypto lender.He used the term “.

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