User-wdelshiekh

#SkyAISellsAllSOLAndLaunchesCashTenderOffer 🚨 A Solana Treasury Company Just Sold Every SOL 📅 SkyAI (Nasdaq: SKYA) held 2M+ SOL in mid-September 📉 As of Oct 16 it holds zero SOL and about $223.8M in cash 📊 Earlier sales averaged $107.51 per SOL 💵 Now it offers $3.00 cash per share or warrant for up to 95% of each class, about $201.3M 📅 The offer expires Oct 29; if fully taken, roughly $22.5M is left before costs ⚠️ Near-10% holder Bastion Trading wanted $3.50 and a review of the sales 📉 SOL trades near $104, down about 1.7% in 24h What it means for crypto: when a treasury stock trades below its assets, selling the coins and handing back cash can win over holding. Other treasury firms may face the same pressure. Should crypto treasury companies hold, or return cash to shareholders? 👇 $SOL #CryptoNews #SkyAISellsAllSOLAndLaunchesCashTenderOffer #Solana #CryptoTreasury