SkyAI Sells Entire 2 Million Solana Stake, Leaving Holdings at Zero
Minseung Kang
Summary
- SkyAI was reported to have sold all of its Solana (SOL) holdings, reducing its balance to zero.
- SkyAI's Solana holdings were reported to have fallen from more than 2 million tokens in September to zero as of Oct. 16.
- SkyAI was reported to currently hold $223.8 million in cash and to have launched a share and warrant repurchase program worth up to $201.3 million.
Forecast Trend Report by Period
SkyAI, formerly SharpLink Technologies, has sold all of its Solana holdings, The Block reported.
The crypto-focused media outlet wrote on X on Oct. 19 that SkyAI had reduced its Solana holdings from more than 2 million tokens in September to zero as of Oct. 16.
SkyAI currently holds $223.8 million in cash and has launched a share and warrant repurchase program of up to $201.3 million at $3 per share or warrant.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.