Celestia Foundation purchases all remaining TIA held by Polychain for $62.5 million and will transfer to new investors
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According to official sources, the Celestia Foundation has partnered with Polychain Capital to transfer all remaining TIA tokens held by Polychain to new investors. This month, the foundation purchased 43,451,616.09 TIA tokens from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel all of its staked TIA holdings. To ensure the foundation's financial stability, the foundation is finalizing the distribution of TIA with new investors. These transactions will use a rolling unlock mechanism, with the first unlock beginning on August 16 and completing on November 14.
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