Another Crypto Treasury Waves the White Flag as SkyAI Liquidates Its SOL

On Monday, Melville, New York-based SkyAI, a publicly traded U.S. fintech and digital asset treasury firm, announced its complete exit from solana (SOL) and unveiled an ambitious share buyback initiative that could return as much as $201.3 million to investors. This announcement, and others before it, have bolstered SkyAI shares a great deal. Rather than continuing to hold cryptocurrency, the company has converted its SOL holdings into cash and is giving shareholders and warrant holders an opportunity to exit at a fixed price.

Source: Bitcoin.com News