# SkyAI Expands Cash Tender Offer to About $214.3 Million

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42522
Published: 2026-10-28T10:57:10.000Z
Updated: 2026-10-28T10:57:10.000Z
Section: Business

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

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.