Solana treasury company SkyAI (SKYA) transferred 211,623 SOL to Coinbase Prime about half an hour ago, according to monitoring shared by Ember. Ember also estimated that SkyAI has sold about 1.25 million SOL over the past five days, worth roughly $138 million. Earlier reporting from Foresight News said the company plans to launch a cash tender offer at $3 per share to repurchase up to 95% of its outstanding common stock and warrants, with a maximum total value of about $201 million. The company said the funding would come from existing cash and proceeds from SOL sales. Foresight News had also previously reported that SkyAI recently sold about 1 million SOL, equal to around 50% of its SOL holdings.
Solana treasury company SkyAI (SKYA) transferred 211,623 SOL to Coinbase Prime about 30 minutes ago, according to monitoring cited from Ember.
Ember estimated that SkyAI has sold about 1.25 million SOL over the past five days, worth roughly $138 million.
Foresight News previously reported that SkyAI plans to launch a cash tender offer at $3 per share to repurchase up to 95% of its outstanding common stock and warrants. The maximum total value of the offer is about $201 million, and the company said the funds would come from existing cash and proceeds from SOL sales.
Earlier reporting also said SkyAI recently sold about 1 million SOL, or around 50% of its SOL holdings.
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