# OpCo/OAT - Bi-annual Transparency Report - October 2025

**URL:** <https://forum.arbitrum.foundation/t/opco-oat-bi-annual-transparency-report-october-2025/30218>\
**Category:** Operation Company (OpCo)\
**Created:** [November 11, 2025, 7:57pm UTC](https://forum.arbitrum.foundation/t/opco-oat-bi-annual-transparency-report-october-2025/30218 "2025-11-11T19:57:37Z")\
**Posts on this page:** 1\
**Showing post:** 5

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**Author:** ![Arbitrum](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/arbitrum/32/2693_2.png) [@Arbitrum](https://forum.arbitrum.foundation/u/Arbitrum)\
**Post date:** [November 27, 2025, 2:07pm UTC](https://forum.arbitrum.foundation/t/opco-oat-bi-annual-transparency-report-october-2025/30218/5 "2025-11-27T14:07:17Z")

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Hey @paulofonseca, to address your questions on the OpCo conversions:

- As of today, 16,006,487 ARB has been converted, generating a total of 6,436,125.72 USDC.

- As it relates to the timeline of conversions, both the volatility in ARB price and macroeconomic conditions, as well as the necessity to convert funds for a multitude of DAO initiatives (i.e., D.A.O Season 3, Entropy, Audit Program, STEP 2 program) in parallel, require a shift in strategy to balance the needs of various DAO programs and minimize the impact of large-scale ARB sales. The Oversight and Transparency Committee was kept in the loop, and it was determined that full funds wouldn’t be needed in the short to medium term.

- The conversion process related to OpCo is progressing and is expected to be fully completed by the end of Q1 2026.

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_[View the full topic](https://forum.arbitrum.foundation/t/opco-oat-bi-annual-transparency-report-october-2025/30218)._