A major crypto player just closed a massive $500 million share sale, pushing its valuation to a staggering $40 billion. The deal structure includes downside protection—investors like Citadel secured rights to sell shares back at premium pricing, essentially locking in guaranteed returns. This risk-mitigation mechanism reflects institutional appetite for crypto exposure while demanding safety nets in volatile markets. The arrangement signals growing mainstream confidence in digital asset infrastructure, though the built-in profit guarantees reveal lingering caution among traditional finance giants entering the space.