Công ty quỹ SOL từng nằm trong top 5 SkyAI đã bán toàn bộ danh mục Solana để mua lại cổ phiếu

The Huoxing Finance report states that on October 19, SkyAI, formerly known as Sharps Technology, recently underwent a dramatic strategic shift. The company has liquidated its entire Solana (SOL) reserve to fund its share and warrant repurchase program, transforming from the fifth-largest Solana treasury holder to a zero-holding position. According to SkyAI’s statement released on Monday, as of October 16, the company held approximately $223.8 million in cash and had “completed the sale of all SOL.” Under this repurchase program, SkyAI proposed to repurchase 95% of its outstanding shares at $3 per share or per warrant. If fully subscribed, the company would retain approximately $22.5 million after deducting related fees. Additionally, since it no longer holds SOL, the company has removed the original condition requiring SOL’s price to remain above $100 for the repurchase to proceed. This liquidation occurred rapidly and unexpectedly. On September 14, SkyAI had reaffirmed its Solana treasury strategy, stating it held over 2 million SOL. However, the repurchase announcement on October 11 revealed it had already sold approximately 1 million SOL, and subsequent SEC filings showed its remaining balance was only about 600,000 SOL. This swift selling triggered strong dissatisfaction from Bastion Trading, a major shareholder holding nearly 10% of SkyAI’s shares, which called for an independent review and explicitly stated it would not participate in the repurchase under the current terms. Bastion demanded that the repurchase price be raised to $3.5 per share, imposed restrictions on insiders, and excluded strategic advisor warrants from the repurchase. Despite liquidating its crypto assets, SkyAI still describes its business as “building a financial platform that integrates stablecoin rails on Solana with AI.” However, Monday’s announcement did not indicate whether the company intends to rebuild its SOL treasury or provide any updates on the platform’s progress. The company only stated its plan to maintain its Nasdaq listing status after completing the repurchase. As of the latest trading day, SkyAI’s stock (SKYA) rose 4.5% to $2.77 per share, with a year-to-date gain of 35%.