Markets ✓LaunchBar Newsroom 📅 October 20, 2026 at 12:04 AM ⏱ 2 min

SkyAI Dumps All SOL and Unleashes a $201M Buyback

SkyAI has liquidated its entire Solana (SOL) treasury and launched a tender offer worth up to $201.3 million for its own shares and warrants. The reversal puts corporate SOL accumulation under fresh pressure.

SkyAI held roughly 2.08 million SOL at year-end 2025
The position carried a $403.1M cost basis, near $194 per SOL
The tender offer covers up to 95% of each security class, funded by $223.8M cash

LaunchBar take: this is not just a corporate reshuffle—it is a warning that treasury companies can become forced sellers when crypto prices weaken. SOL traders should watch for liquidation disclosures and avoid blindly copying corporate accumulation narratives.

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