SkyAI Liquidates Entire Solana Treasury to Fund $201M Share Buyback

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 the largest publicly traded Solana treasury companies. Buyback Plan : The company is offering $3 per share or a warrant in a tender offer designed to repurchase up to 95% of outstanding shares and warrants, potentially reducing its cash position to about $22.5 million before costs. Investor Pushback : Bastion Trading criticized the proposal, requested an independent review, and said it would not participate under the current terms, citing concerns over pricing and governance conditions. SkyAI has fully exited its Solana treasury position after selling its remaining reserve to support a large share and warrant buyback program .

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