SkyAI Sells 1M SOL Tokens to Fund $201M Stock Buyback Program

Key Facts

1SkyAI sold approximately 1 million SOL tokens from its treasury.

2The company plans to launch a tender offer to buy back up to 95% of its stock at $3.00 per share in cash.

3The tender offer is contingent on the price of SOL remaining above $100 during the offer period.

SkyAI sold approximately 1 million SOL tokens from its treasury, representing about half of its holdings, to fund a tender offer for its outstanding shares. According to altcoinbuzz.io, the company plans to buy back up to 95% of its stock at a cash price of $3.00 per share, with the total buyback valued at approximately $201 million.

The execution of the tender offer is contingent on the price of SOL remaining above the $100 level during the offer period. Regarding equity performance, SKYA closed at $2.6 on October 12, 2026, having traded between a day low of $2.29 and a high of $2.67 during that session.