Interchain Foundation holds $70m stake in Celestia, $125m in ATOM
John Galt, Head of Strategy at Stride, recently revealed that the Inter chain Foundation (ICF) holds a significant 1.6% stake in Celestia (TIA), currently valued at $70 million, in addition to its $125 million holdings in Cosmos (ATOM). This revelation sheds light on the ICF’s extensive holdings amid its decision to back Celestia. Beyond Celestia, the ICF holds assets like Bitcoin (BTC), Ethereum (ETH), ATOM and the USD, totaling $350 million, in its treasury, according to Galt. 1/9 @CelestiaOrg is backed by the @Inter chain _io Foundation (ICF), which funds public goods for Cosmos. The ICF has a 1.6% stake in Celestia, currently worth $70M. Additionally, its treasury also holds BTC, ETH, USD, ATOM – currently worth about $350M. Celestia and the ICF — John Galt (@lurkaroundfind) November 28, 2023 Of the $350 million cumulative holding, Galt emphasized that the ICF spreads its treasury to apportion $125 million to ATOM, another $125 million to both BTC and ETH, an...