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.