Solana Treasury Gone – SkyAI Bids for 95% of Its Stock
Photo: Coindoo
Key Takeaways Reported SOL sales came about 44% below cost Full tender roughly doubles cash per remaining security 63.3 million $9.75 warrants loom over remaining holders 20-year related-party consulting deal has costly exit terms Bastion’s $3.50 demand exceeds SkyAI’s available cash Sellers exit at less than half the $6.50 per share paid in the August 2025 placement that built the treasury, while those who stay keep a thinly traded, cash-heavy company with an AI product still in early development. Two million SOL to zero in a month Nasdaq-listed SkyAI, formerly Sharps Technology, adopted its Solana strategy in August 2025.
Source: Coindoo
