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SkyAI expands $214.3M cash tender offer after selling all Solana holdings and settling with Bastion Trading.

Market News
28 Oct 2026, 13:57 WIB
Tokenpost
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Neutral
SkyAI expands $214.3M cash tender offer after selling all Solana holdings and settling with Bastion Trading.

SkyAI has increased its cash tender offer to approximately $214.3 million following a settlement with major shareholder Bastion Trading. The company also sold all of its roughly 2 million Solana (SOL) tokens and announced it will no longer repurchase this cryptocurrency. This move signals a strategic shift away from Solana holdings and a focus on cash transactions. Investors should watch for further developments in SkyAI's asset management approach.

SkyAI's cash tender offer expansion to about $214.3 million provides context for readers. For those following cryptocurrency markets, here is Pluang's snapshot as of Oct 28, 2026 17:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 46 rose and 3 fell today. Notable movers include AAVE at Rp2.466.777 with a 5.30% increase and Pluang order activity showing 29% Sell / 71% Buy, NEO at Rp38.708 up 5.13% with 35% Sell / 65% Buy, and SUSHI at Rp3.765 rising 4.58% but with 100% Sell order activity. Typical hold times range from 97 to 106 days among these assets.

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