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SkyAI Ends Solana Treasury Strategy, Expands Cash Tender Offer to $214.3M

SkyAI Ends Solana Treasury Strategy, Expands Cash Tender Offer to $214.3M

Photo: Crypto Economy

TL;DR SkyAI completed the sale of roughly 2 million SOL and now holds about $223 million in cash, ending its Solana digital-asset treasury strategy. An amended tender offer could cost approximately $214.3 million if fully subscribed, while Bastion agreed to tender all shares and warrants and accept a three-year standstill. SkyAI expanded purchases of pre-funded ... Read more

Source: Crypto Economy

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