Opera Limited (OPRA) Stock: Eyes 160M CELO Deal to Become Major Celo Stakeholder

TLDR

• Opera seeks 160M CELO tokens to replace cash deal, boosting alignment
• Token proposal could make Opera a major stakeholder in Celo network
• MiniPay growth drives Opera’s push for long-term CELO exposure
• Governance cap limits Opera voting power despite large token request
• Opera expands crypto strategy as CELO deal reshapes payment ambitions

Opera Limited (OPRA) shares hovered near $14.40 after a modest decline, as the company proposed a major token deal with Celo. The browser firm seeks to replace a cash agreement with a large CELO allocation. The move could position Opera as a key stakeholder in the payments network.

Opera Limited, OPRA

Opera Limited shifts to token-based agreement with CELO

Opera submitted a governance proposal to Celo seeking 160 million CELO tokens over three years. The plan would replace a quarterly cash grant with a long-term token allocation. This shift aligns Opera’s incentives with the network’s growth.

The requested allocation equals about 27% of the current circulating CELO supply. It also represents roughly 16% of the token’s capped maximum supply. The scale of the request signals a deeper strategic commitment from Opera.

CELO traded near $0.07 at the time of reporting, far below its 2021 peak. However, the allocation still offers potential upside exposure if the token recovers. Therefore, Opera’s proposal combines long-term positioning with market risk.

Governance limits and treasury structure define proposal framework

The proposal outlines a one-time transfer from Celo’s unreleased treasury to an Opera-controlled wallet. This structure formalizes Opera’s role as a long-term stakeholder. It also replaces recurring funding with a single allocation event.

The plan caps Opera’s voting power at 10% of total staked CELO. This limit applies under normal conditions and protects decentralized governance. However, emergency scenarios may allow temporary exceptions.

Community approval remains necessary before execution, as token holders will review the proposal through governance channels. Feedback will determine whether the allocation size is acceptable. The outcome will shape Opera’s influence within the ecosystem.

MiniPay growth supports Opera’s expanded role in Celo ecosystem

Opera based its proposal on the performance of MiniPay, its self-custodial wallet built on Celo. The wallet enables users to send stablecoins using phone numbers. It also supports local payment methods across multiple regions.

MiniPay has recorded more than 14 million registrations since its 2023 launch. It has processed over 420 million transactions across more than 66 countries. These figures highlight its role in driving network activity.

Opera plans to allow over 50 million users to redeem rewards as USDT within MiniPay. This integration could increase wallet usage and transaction volume. As a result, Opera strengthens its operational and financial alignment with Celo.

Opera shares traded near $14.60 in the latest session after a slight decline. The company continues to expand its crypto exposure through product integration and token participation. The proposed deal could redefine its position within blockchain-based payments.

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