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The Celestia Foundation purchased all remaining TIA held by Polychain for $62.5 million, which will be transferred to new investors.
BlockBeats news, on July 24, 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 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 finalizing the distribution of TIA with the new investors. These transactions will adopt a rolling unlock mechanism, with the first unlock starting on August 16 and completing on November 14."