#币圈 SkyAI, a publicly listed company that touts itself as an SOL treasury play, just took a loss this month by selling 1 million SOL—dumping half its holdings. On-chain data shows its average cost was around $194, meaning it has endured more than $160 million in losses this cycle. Even more absurdly, the company just announced that it plans to use the proceeds from the sale to buy back its own shares and warrants. It stepped in as a treasury buyer near the top, then—when liquidity got tight—sold at rock-bottom prices to prop up its own share price. A classic case study in how to do the exact opposite of what you should in the secondary market.