According to a statement from Celestia, "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 TIAs from Polychain Capital for $62.50 million. To complete the transaction, Polychain will soon cancel all of its pledged TIA holdings.
In order to ensure that the financial position of the foundation is not affected, the foundation is completing the distribution of TIA with new investors. These transactions will use a rolling unlocking mechanism, and the first unlocking will start on August 16 and be completed on November 14. "
Celestia Foundation buys all remaining TIA held by Polychain for $62.50 million, which will be transferred to new investors
2025-07-24 15:37:47
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