The Optimism Foundation, the organization behind the Layer-2 Optimism project on Ethereum, has announced a private sale of approximately 19.5 million governance tokens, valued at over $89 million USD at the current price.
It is known that there is no information available regarding the sale or the identity of the buyers. According to an official announcement, the tokens will be locked for a period of two years, but buyers can still delegate their tokens to unrelated third parties for governance voting. The announcement, posted on the Optimism governance forum, states: “Optimism has participated in a private token sale with approximately 19.5 million OP tokens.”
The project states that “the tokens originate from the unsold portion of the OP token supply allocation and are part of the initial operating budget of the organization, which is 30% of the initial OP token supply.”
Optimism also announces that some transactions related to the private sale will take place in the coming days.
This is not the first time the organization has revealed a private token sale. It sold 116 million OP tokens in September 2023, valued at over $160 million USD at that time.
