Optimism also sold 116 million OP tokens in another private sale held back in September 2023.
Optimism Foundation — the organization behind the Ethereum layer-2 blockchain Optimism — announced it had conducted a private sale of about 19.5 million of its governance tokens.
Optimism (OP) tokens are worth about $4.62 on the market, making the number of tokens sold worth around $90 million at the time of writing. While the foundation is offloading a large number of tokens, they mentioned in the announcement that the sale included a vesting period of two years, prohibiting the buyer from selling the tokens before then.
Within the vesting period, the Optimism Foundation highlighted that the buyer can still use the tokens for governance participation. The foundation wrote:
