SkyAI Sells Entire Solana Treasury After Losses and Equity Discount Pressure
Photo: TheCoinrise
The firm offloaded roughly two million SOL as its corporate strategy failed to translate into shareholder value SkyAI has sold its entire Solana treasury, unwinding a position built up over recent months. The company had previously accumulated roughly two million SOL tokens as part of a broader corporate strategy. That strategy mirrored a wave of publicly traded firms adding crypto assets to their balance sheets. Reports from BitKE and Crypto News Australia indicate the exit was driven by two compounding pressures. The first was direct losses on the Solana holdings themselves.
Source: TheCoinrise
