CryptoCointelegraphabout 1 hour ago
SkyAI Sells SOL, Launches $201M Buyback
2 min read
Solana treasury firm SkyAI liquidated its entire Solana holdings and launched a tender offer to repurchase up to $201.3 million in shares and warrants using its $223.8 million cash holdings. The company reversed its cryptocurrency accumulation strategy after holding approximately 2.08 million SOL with a cost basis of $403.1 million.
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