SkyAI Sells Entire Solana Treasury, Launches $201 Million Tender

Dropping the SOL-price condition removes a variable that linked the tender's viability to the treasury's performance, which matters for a holder base that was exposed to that link. The dispute with Bastion Trading over the $3 per-share price is the more consequential thread: the offer now rests on a contested valuation rather than a market trigger. Whether that challenge alters the terms, and how the cash position is deployed after exiting SOL entirely, are the open questions worth watching.