📰 $SOL | SkyAI exits its entire Solana treasury to fund a $201 million buyback
SkyAI has sold off its entire Solana treasury, according to The Block, and now holds $223.8 million in cash. The company is directing that capital into a $201 million buyback at $3 per share, a program running through Oct. 29. The report frames the SOL sale as the funding step behind the repurchase rather than a standalone move.
Why it matters: A single corporate holder converting its full SOL position into cash for a buyback is a concrete example of how treasury strategies can reverse, and it gives the market a documented case to weigh.
💬 How should the ecosystem read a corporate treasury exiting SOL entirely to fund shareholder returns?
Source: The Block https://theblock.co/news/business/2026-10-19-skyai-sells-off-entire-solana-treasury-launches-201-million-buyback-421037
#Solana #CryptoNews
SkyAI has sold off its entire Solana treasury, according to The Block, and now holds $223.8 million in cash. The company is directing that capital into a $201 million buyback at $3 per share, a program running through Oct. 29. The report frames the SOL sale as the funding step behind the repurchase rather than a standalone move.
Why it matters: A single corporate holder converting its full SOL position into cash for a buyback is a concrete example of how treasury strategies can reverse, and it gives the market a documented case to weigh.
💬 How should the ecosystem read a corporate treasury exiting SOL entirely to fund shareholder returns?
Source: The Block https://theblock.co/news/business/2026-10-19-skyai-sells-off-entire-solana-treasury-launches-201-million-buyback-421037
#Solana #CryptoNews