Optimism Foundation privately sold 19.5 million OP

Home / Optimism Foundation privately sold 19.5 million OP

Optimism Foundation said it privately sold about 19.5 million OP tokens worth $89 million.

Terms of the private sale and the identity of the buyer were not disclosed.

The tokens will be locked for two years, but the buyer will be able to delegate them for a governance vote.
The fund says the assets come from the unallocated portion of the treasury and are part of an initial working budget of 30% of the original OP token offering.

The company warned that there will be several transactions related to this sale in the coming days.

Optimism Foundation sold 116 million OPs in September 2023.

Leave a Reply

Your email address will not be published.