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Celestia Foundation purchases all remaining TIA held by Polychain for $62.5 million and will transfer to new investors
Odaily News According to official news, 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 from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel all of its staked TIA holdings.
To ensure that the Foundation’s financial situation is not affected, the Foundation is completing the distribution of TIA with new investors. These transactions will adopt a rolling unlocking mechanism, with the first unlocking starting on August 16 and completed on November 14.
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