SkyAI has sold about 1 million Solana (SOL) tokens, roughly half of its original holdings, to raise funds for stock and warrant buybacks. The company still holds about 1 million SOL and may continue selling depending on market conditions. The sales have resulted in an estimated loss of over $160 million, as the average purchase price was around $194 per SOL, while current values are lower. Proceeds from these sales are intended to support cash tender offers to repurchase shares and warrants, signaling a strategic move to restructure its financial assets.
SkyAI's Solana token sales provide context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 13, 2026 09:41 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include COTI at Rp222 with a 7.50% drop, AAVE at Rp2.813.733 down 7.28%, and DOT at Rp20.627 down 7.24%.
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