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Bastion Trading Presses SkyAI Over Solana Treasury as 400,000 SOL Unaccounted For

Bastion Trading, a major shareholder in SkyAI, is pressing the company over its Solana holdings after its SOL treasury shrank 70% in under a month, with 400,000 SOL unexplained. The investor said it will not tender its shares at $3 and is seeking $3.50 a share.

Original source

AI take

The dispute shifts from token-price exposure to governance and disclosure: a major holder is effectively challenging whether SkyAI's Solana treasury is being managed with adequate transparency. That matters for anyone holding the equity as a proxy for SOL, since the unexplained shortfall raises questions about internal controls rather than market moves alone. The open question is whether the missing SOL is accounted for, and how that answer shapes the tender fight at the two stated prices.

Generated by AI for reference only.

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