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the single most powerful bear case for tia just disappeared for good
24.7. klo 23.31
The Celestia Foundation has worked with Polychain Capital to assign Polychain’s entire remaining TIA holdings to new investors.
This month, the Foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5m. Polychain will shortly be undelegating their entire staked TIA holdings in order to settle this transaction.
To ensure neutral impact to the Foundation’s financial position, the Foundation is finalizing assignment of this TIA to new investors. These transactions will use a rolling unlock schedule, with the first unlock starting on 16 August and completing on 14 November.
some people questioning this so let's be clear
when you have someone on your cap table dedicated to dumping you nonstop to destroy the value of your project, your job is to get them out
unrelated: well fucking done, celestia
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