Celestia Secures $100 Million Funding With $3.5 Billion Valuation

According to Odaily, prominent DeFi investor Sisyphus revealed on X that Celestia recently completed a $100 million funding round. This transaction was an over-the-counter deal directly negotiated by the foundation with multiple institutions a few months ago, valuing the company at $3.5 billion. The tokens from this funding round are expected to unlock in October. Sisyphus further noted that if the institutions can sell all the unlocked assets at a price of $7.5 per token, they would break even. This insight follows previous reports by X user NFTethics, who disclosed that Sisyphus is actually Kevin Pawlak, the former head of OpenSea Ventures.