#onchain #sol
đȘ SkyAI is selling off hundreds of millions of $$$ worth of SOL.
â SkyAI previously held 2,000,000 SOL in its reserves.
â The company recently confirmed the sale of 1,000,000 SOL ($107 million), with further asset sales possible.
â More than 1,570,000 SOL ($175 million) have been withdrawn from SkyAI wallets since the beginning of October, with some funds sent to Coinbase Prime and BitGo.
â The average purchase price was approximately $194 per SOL. Losses exceed $160 million.
â Reason for the sale: the company plans to use the proceeds to buy back SkyAI shares and warrants worth up to $201 million.
đȘ SkyAI is selling off hundreds of millions of $$$ worth of SOL.
â SkyAI previously held 2,000,000 SOL in its reserves.
â The company recently confirmed the sale of 1,000,000 SOL ($107 million), with further asset sales possible.
â More than 1,570,000 SOL ($175 million) have been withdrawn from SkyAI wallets since the beginning of October, with some funds sent to Coinbase Prime and BitGo.
â The average purchase price was approximately $194 per SOL. Losses exceed $160 million.
â Reason for the sale: the company plans to use the proceeds to buy back SkyAI shares and warrants worth up to $201 million.