# Bastion Trading Presses SkyAI Over Full Solana Treasury Sale

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/37292
Published: 2026-10-22T01:36:23.000Z
Updated: 2026-10-22T01:36:23.000Z
Section: Business

> The shareholder wants SkyAI’s board to explain the liquidation or resign and is seeking at least $3.50 a share in the tender offer, up from $3.

Bastion Trading, a SkyAI shareholder, is demanding an explanation for the company’s sale of its entire Solana (SOL) position and a higher tender offer, putting the board under pressure over two decisions tied to shareholder accountability.

Bastion wants SkyAI’s board to explain why it liquidated all of the company’s SOL or resign. The shareholder is also calling for the tender offer price to rise from $3 to at least $3.50 per share. That would add at least 50 cents per share, or about 16.7%, to the current offer.

The requests address both SkyAI’s treasury choice and the terms shareholders are being offered. SkyAI operates in the Solana ecosystem, and the company’s full liquidation of its SOL holdings is the issue Bastion has raised with the board.

Bastion frames the sale as a matter for directors to answer, while its price demand sets a minimum for the tender offer. Together, the requests put SkyAI’s governance and offer terms at the center of the shareholder dispute.