SkyAI sells half of its SOL treasury and launches $201 million buyback
Image: Crypto.newsSkyAI, the Solana treasury firm listed on Nasdaq, sold roughly 1 million SOL, cutting its holdings by half. It will use cash and the proceeds to fund a $201 million tender offer to repurchase up to 95% of its shares and warrants at $3 each. The offer is slated to start around October 15, 2026 and is conditioned on SOL staying above $100.
Key points
- 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.
Why it matters
Reducing its SOL treasury may affect liquidity for the token, while the large buyback could significantly shrink SkyAI's public float. The outcome depends on SOL maintaining the $100 price floor.
Price context · SOL
At publication
$109.02
Now
$108.84
Change since
−0.17%
7 days · dashed line = publication
Sources · 3 publishers
The Defiant
Tier 1
SkyAI Sells Half Its SOL Treasury, Plans $201 Million Cash Buyback
Crypto Briefing
Tier 2
SkyAI sells half of its SOL treasury, plans $201M buyback
Coverage timeline
- First reported by Crypto.news
- Confirmed by The Defiant
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
