Optimism Sells $157 Million Worth of OP Tokens in Private Sale, Citing 'Treasury Management'

Optimism, the Ethereum Layer 2 scaling solution, has conducted a private sale of $157 million worth of OP tokens to seven different purchasers. The tokens, totaling 116 million OP tokens, were sold for "treasury management" purposes and will be locked up for two years. Despite the sale, Optimism still holds over $1.23 billion in its treasury.