Nasdaq-listed SyAI sells entire Solana holdings to fund share buyback
- —SyAI launched a tender offer to buy back up to 95% of its shares
- —The company sold its entire Solana position to fund the repurchase
- —Neither the amount of SOL sold nor the deal value was disclosed
Why it matters: Another public company liquidating crypto to buy back stock signals weakening corporate crypto treasuries.
Source: CriptoNoticias