Andreessen Horowitz (a16z), one of the leading venture capital firms in Silicon Valley, has purchased around $90 million worth of Optimism (OP) tokens.
Andreessen Horowitz (a16z), one of the leading venture capital firms in Silicon Valley, is closely following the cryptocurrency space.
This time, a16z has made a notable investment in an Ethereum (ETH)-based altcoin.
According to Unchained, a16z purchased around $90 million worth of Optimism (OP) tokens.
In early March, Optimism Foundation announced that it had sold about 19.5 million OP, worth around $90 million.
Commenting on a16z’s latest crypto investment, a source said: “Optimism has done quite well. They are still doing airdrops.”
Despite the general downturn, OP, which is up 13% over the past 24 hours, continues to trade at $2.64, as of the time of writing.
