SkyAI to Exit SOL Treasury After $107M in Sales, $87M Loss
- —SkyAI will sell its remaining 210,000 SOL as part of a full treasury exit
- —About 1 million SOL was already sold for $107 million, with an $87 million loss
- —The company holds $204.6 million in cash for the buyback
- —SkyAI expects zero SOL holdings once the buyback is complete
Why it matters: A large SOL sell-off by a treasury company could add selling pressure and prompt other institutions to unwind similar positions.
Source: Coinfomania