A Solana treasury company sold every SOL it held

SkyAI has turned a treasury built around SOL into cash for a tender offer. Its latest SEC exhibit says it no longer holds the token, yet its description of the business still includes a financial platform on Solana. The transaction leaves a concrete question for shareholders who bought a stock marketed as a way to own more SOL per share. What business and assets would they own if they decline $3 in cash? SkyAI said on October 19 that it held $223.8 million in cash and no SOL as of October 16.

Source: crypto.news