SkyAI Sells Entire Solana Treasury for $223.8M Buyback
SkyAI holds $223.8 million in cash following the sale of its entire Solana treasury, funding a $201 million buyback.
SkyAI has sold off its entire Solana treasury, leaving the firm holding $223.8 million in cash, according to TheBlock. Alongside the liquidation, the company launched a $201 million buyback program.
Treasury Liquidation and Buyback
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The strategic shift sees SkyAI completely exit its $SOL holdings to transition into cash reserves. The newly launched buyback program is currently active and is scheduled to run through October 29.
Key Facts
- SkyAI sold its entire Solana treasury, resulting in $223.8 million in cash holdings.
- The company launched a $201 million buyback program.
- The buyback runs through October 29.
Source: theblock.co
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