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SkyAI Expands Cash Tender Offer to About $214.3 Million

SkyAI had sold all of its roughly 2 million Solana (SOL) holdings and said it would not buy the cryptocurrency back.

By John Kim
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Plain silver tokens sit beside a sealed cream envelope / TokenPost.ai
Plain silver tokens sit beside a sealed cream envelope / TokenPost.ai

SkyAI expanded its cash tender offer to about $214.3 million after reaching a settlement with major shareholder Bastion Trading.

The company sold all of its roughly 2 million Solana (SOL) holdings and said it would not repurchase the cryptocurrency.

John Kim

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

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