$223.8 million in cash — that’s what SkyAI had on October 16. And $SOL
there’s nothing left now
On October 11, they still had half their coins, and the share buyback offer was in effect as long as SOL stayed above $100. On October 15, they sold everything. And the October 19 offer no longer has a SOL price condition — there’s nothing to tie it to
the company itself now says it’s turning from a treasury into an AI platform. basically, from accumulating Solana to AI in just a few weeks. And SkyAI isn’t the first: Lion Group sold all its SOL back on September 29 and moved into HYPE
what catches my attention here isn’t Solana, it’s the shareholders. The buyback is at $3, for up to $201.3 million. Bastion, with 9.99%, wants $3.50 and an investigation into how the coins were sold. And the board doesn’t even recommend whether to accept the offer
I don’t hold SOL. The offer expires on October 29, and then we’ll see how many shareholders took the $3 and how many are waiting for $3.50
#SKYAİ
there’s nothing left now
On October 11, they still had half their coins, and the share buyback offer was in effect as long as SOL stayed above $100. On October 15, they sold everything. And the October 19 offer no longer has a SOL price condition — there’s nothing to tie it to
the company itself now says it’s turning from a treasury into an AI platform. basically, from accumulating Solana to AI in just a few weeks. And SkyAI isn’t the first: Lion Group sold all its SOL back on September 29 and moved into HYPE
what catches my attention here isn’t Solana, it’s the shareholders. The buyback is at $3, for up to $201.3 million. Bastion, with 9.99%, wants $3.50 and an investigation into how the coins were sold. And the board doesn’t even recommend whether to accept the offer
I don’t hold SOL. The offer expires on October 29, and then we’ll see how many shareholders took the $3 and how many are waiting for $3.50
#SKYAİ