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$IOND's First Week: A Small Bright Spot for Celsius Creditors $Ionic Digital ($IOND) had a solid first week, averaging around $68 per share. Using the February 2024 Celsius distribution as an example, a creditor with a 1 BTC claim (valued at $20,875) received: 0.1483 BTC 2.2154 ETH 156 IOND shares (worth $3,120 at the time) Including later distributions, creditors have recovered roughly 87% of their claim. If that same investor had simply held 1 BTC, it would be worth roughly $65,000 today. Instead, the current value is approximately: BTC: $11,615 ETH: $4,229 IOND stock: $10,600 Remaining Celsius claim: $2,713 Total: ~$29,157 Overall, Celsius creditors still suffered substantial losses. However, one small silver lining is that the 156 IOND shares (~$10.6K) are now worth slightly more than the 0.149 BTC (~$9.7K) represented by that portion of the original distribution.