SkyAI confirms recent sale of approximately 1 million SOL, may continue reducing holdings depending on market conditions
According to on-chain monitoring, SOL treasury company SkyAI transferred 1.57 million SOL this month, worth approximately $175 million. Its average purchase price was about $194, with estimated losses exceeding $160 million.
The company announced that it recently sold approximately 1 million SOL, about 50% of its original holdings. It still holds approximately 1 million SOL and may sell more depending on market conditions.
The company said the proceeds from the sale are intended to fund a cash tender offer to repurchase shares and warrants. It is important to distinguish between on-chain transfers and actual sales: the amount transferred on-chain does not necessarily equal the amount actually sold.
Impact and points to watch: Whether SkyAI continues selling will affect the size of its SOL holdings and the funding arrangements for repurchasing shares and warrants. Note that on-chain transfers reflect only the movement of tokens and cannot by themselves be treated as evidence of actual sales.
Follow-up checks: Whether SkyAI sells the remaining approximately 1 million SOL depending on market conditions; subsequent arrangements for the cash tender offer to repurchase shares and warrants; and the difference between the amount transferred on-chain and the amount actually sold by the company.
Source: PANews Chinese-language flash news
Source time: 2026-10-13 11:06 Beijing time
Risk warning: This article is for informational purposes only and does not constitute investment advice.
According to on-chain monitoring, SOL treasury company SkyAI transferred 1.57 million SOL this month, worth approximately $175 million. Its average purchase price was about $194, with estimated losses exceeding $160 million.
The company announced that it recently sold approximately 1 million SOL, about 50% of its original holdings. It still holds approximately 1 million SOL and may sell more depending on market conditions.
The company said the proceeds from the sale are intended to fund a cash tender offer to repurchase shares and warrants. It is important to distinguish between on-chain transfers and actual sales: the amount transferred on-chain does not necessarily equal the amount actually sold.
Impact and points to watch: Whether SkyAI continues selling will affect the size of its SOL holdings and the funding arrangements for repurchasing shares and warrants. Note that on-chain transfers reflect only the movement of tokens and cannot by themselves be treated as evidence of actual sales.
Follow-up checks: Whether SkyAI sells the remaining approximately 1 million SOL depending on market conditions; subsequent arrangements for the cash tender offer to repurchase shares and warrants; and the difference between the amount transferred on-chain and the amount actually sold by the company.
Source: PANews Chinese-language flash news
Source time: 2026-10-13 11:06 Beijing time
Risk warning: This article is for informational purposes only and does not constitute investment advice.