SkyAI Sells All Solana Holdings, Launches $201M Buyback

The notable element is the pivot itself: a company that had framed its balance sheet around Solana exposure is now holding cash and returning capital instead of rotating into another token. That shift matters for how treasury-style crypto vehicles are perceived, since it tests whether shareholders treat such holdings as a strategy or as a position to be unwound. The $3-per-share buyback running through Oct. 29 gives a near-term reference point for how the market values the remaining cash pile. Whether other treasury holders follow the same path is the open question.