#XDP Season 2 went a bit too far, huh? A 50u bet and nobody's even competing?
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Datlele
ยท
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Treasury company $SOL sells half its holdings
โข SkyAI confirmed it sold around 1 million SOL, equivalent to 50% of its holdings. It may sell more of the remainder depending on market conditions.
โข This month, its wallets transferred 1.57 million $SOL (~$175M). With an average purchase price of $194/SOL, the company is still down more than $160M.
โข Proceeds from the sale of $SOL , together with available cash, will be used to buy back shares, for a maximum total of around $201M.
โข The buyback is expected to begin on 15/10, provided SOL closes above $100 every day throughout the tender offer period.
โข SkyAI confirmed it sold around 1 million SOL, equivalent to 50% of its holdings. It may sell more of the remainder depending on market conditions.
โข This month, its wallets transferred 1.57 million $SOL (~$175M). With an average purchase price of $194/SOL, the company is still down more than $160M.
โข Proceeds from the sale of $SOL , together with available cash, will be used to buy back shares, for a maximum total of around $201M.
โข The buyback is expected to begin on 15/10, provided SOL closes above $100 every day throughout the tender offer period.
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