Ionic Digital jumps 26% in Nasdaq debut, giving Celsius Network claimholders an exit route
The bitcoin miner reached a market valuation of roughly $2.8 billion based on its 44.9 million shares outstanding.
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Summary
- Bitcoin miner Ionic Digital surged 26% on its Nasdaq debut following the exchange’s largest direct listing since 2021.
- The listing gives an exit route to investors who received stock in the company following Celsius Network’s bankruptcy.
- Ionic, which is pivoting to AI, completed a direct listing rather than an IPO and holds 2,815.6 bitcoin. It projected $195 million in revenue for the year.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
