TOKENPOST
1 min read
Add as a preferred source on Google

SkyAI Sells All Solana (SOL) Holdings, Launches Buyback of Up to $201.3 Million

SkyAI held approximately $223.8 million in cash after the sale. Its repurchase price is $3 per share or warrant.

By John Kim
Published
Mentioned assets
An open coin case beside a blank share certificate / TokenPost.ai
An open coin case beside a blank share certificate / TokenPost.ai

SkyAI has sold its entire Solana (SOL) position and launched a repurchase plan of up to $201.3 million for shares and warrants.

SkyAI held approximately $223.8 million in cash after selling its SOL holdings. The repurchase price is $3 per share or warrant.

The plan’s $201.3 million ceiling is below the company’s cash balance after the token sales.

SkyAI, formerly Sharps Technology, held more than 2 million SOL in September.

The company’s SOL balance had fallen to zero by Oct. 16.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…