Celestia Foundation purchases all remaining TIAs held by Polychain for $62.5 million and will transfer them to new investors

BlockBeats News: On July 24th, Celestia tweeted that 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 43451616.09 TIAs from Polychain Capital for $62.5 million. To complete this transaction, Polychain will soon cancel all of its pledged TIA positions. To ensure that the financial condition of the foundation is not affected, the foundation is completing the allocation of TIA with new investors. These transactions will adopt a rolling unlocking mechanism, with the first unlocking starting on August 16th and completed on November 14th