Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
📌 The Rundown:
• SkyAI liquidated its entire Solana treasury, selling all SOL holdings to free up $223.8 M in cash.
• The firm is now offering a $201 M buyback of shares and warrants, signaling a shift from on‑chain treasury management to a more traditional capital‑market approach.
🎯 Strategic Outlook:
SkyAI’s move underscores a growing trend of Web3 firms re‑evaluating on‑chain treasury strategies in favor of liquidity‑focused, token‑agnostic operations. While this may reduce Solana’s immediate demand, it could accelerate broader protocol adoption by encouraging other projects to explore hybrid treasury models that balance on‑chain exposure with off‑chain capital efficiency.
🚀 Top 24H Futures Outperformers:
• $AGT (+46.1%) — Price: 0.0915
• $PHA (+41.4%) — Price: 0.0665
• (+32.5%) — Price: 0.3539
#TrendingTopic #Write2Earn #SOL
📌 The Rundown:
• SkyAI liquidated its entire Solana treasury, selling all SOL holdings to free up $223.8 M in cash.
• The firm is now offering a $201 M buyback of shares and warrants, signaling a shift from on‑chain treasury management to a more traditional capital‑market approach.
🎯 Strategic Outlook:
SkyAI’s move underscores a growing trend of Web3 firms re‑evaluating on‑chain treasury strategies in favor of liquidity‑focused, token‑agnostic operations. While this may reduce Solana’s immediate demand, it could accelerate broader protocol adoption by encouraging other projects to explore hybrid treasury models that balance on‑chain exposure with off‑chain capital efficiency.
🚀 Top 24H Futures Outperformers:
• $AGT (+46.1%) — Price: 0.0915
• $PHA (+41.4%) — Price: 0.0665
• (+32.5%) — Price: 0.3539
#TrendingTopic #Write2Earn #SOL