SkyAI Liquidates SOL, Returns Capital to Investors
SkyAI, a publicly traded fintech and digital asset treasury firm based in Melville, New York, announced Monday it has completely exited its position in Solana (SOL). The firm simultaneously unveiled a share buyback initiative authorized for up to $201.3 million.
The move represents another instance of a crypto treasury reducing exposure to specific digital assets. SkyAI's decision to liquidate SOL and return capital to shareholders has already driven gains in the company’s stock price, though specific percentage increases were not disclosed. This follows a trend seen with other firms reassessing their crypto holdings.
Details on the timing and execution of the share repurchase program were not immediately available. However, the announcement signals a shift in SkyAI’s capital allocation strategy, prioritizing shareholder returns over direct SOL exposure.
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Data captured at: Oct 20, 2026 04:05 (Tehran)
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| Bitcoin | ● Neutral |
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| Altcoins | ▼ Negative |
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| Long term | ● Neutral |
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Source: Bitcoin.com News