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SkyAI sells half of its SOL treasury and launches $201 million buyback

SkyAI, the Solana treasury firm listed on Nasdaq, sold roughly 1 million SOL, cutting its holdings by half.

  • SkyAI sold roughly 1 million SOL, halving its treasury holdings.
  • The company announced a $201 million cash tender offer to buy back up to 95% of shares and warrants at $3 each.
  • Funding comes from existing cash reserves and proceeds from the SOL sales.
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