6 articles
TL;DR SkyAI completed the sale of roughly 2 million SOL and now holds about $223 million in cash, ending its Solana digital-asset treasury strategy. An amended tender offer could cost…
TL;DR: SkyAI launched a $201 million tender offer after liquidating its entire Solana treasury, accumulating $223.8 million in cash as of October 16, 2026. Bastion Trading reported that 3,955,293 strategic…
TL;DR Treasury Exit : SkyAI has sold all of its Solana holdings and now holds about $223.8 million in cash, marking a major shift from its position as one of…
TL;DR: SkyAI slashed its Solana reserves by 70% in under a month, dropping from over 2 million SOL reported on September 14 to roughly 600,000 units in its Form 8-K…
Bastion Trading, which, with affiliates, owns about 9.99% of SkyAI (Nasdaq: SKYA), challenged the company’s proposed $201 million buyback on October 14. SkyAI’s Solana holdings had fallen roughly 70% in…
TLDR SkyAI’s Solana holdings dropped roughly 70%, from over 2 million SOL to approximately 600,000 tokens. Bastion Trading questioned an unexplained 400,000 SOL difference in SkyAI’s latest disclosures. Bastion demanded…
