SkyAI Exits Solana Holdings to Execute $201M Shareholder Buyback
SkyAI has liquidated its entire Solana treasury to fund a major share buyback program.
SkyAI has liquidated its entire Solana treasury to fund a major share buyback program. Solana (SOL) is trading at $104.30, up 0.4% since this brief published. This is an original TLT brief synthesising 3 outlets (Crypto Economy, Crypto.news, Bitcoin Sistemi), with their figures cross-checked, plus live market data, as of Mon, 19 Oct 2026 20:15:02 UTC.
The move signifies a strategic shift for SkyAI away from Solana holdings, reflecting changing priorities in treasury management and shareholder value creation. It also marks one of the largest public company exits from Solana to date.
- SkyAI sold its entire $223.8M Solana treasury position.
- The company launched a $201.3M share buyback at $3 per share.
- The move comes despite investor pressure for a higher buyback price.
- Solana price is up 1.73% in the past 24 hours.
Both Crypto Economy and Crypto.news report that SkyAI has sold its entire Solana treasury, now holding $223.8 million in cash, and launched a $201.3 million share buyback at $3 per share. However, Crypto.news adds that a major investor has demanded a higher buyback price, suggesting potential shareholder discontent. The outlets agree on the core figures but differ in their emphasis, with Crypto.news focusing more on investor response.
- Bastion Trading Challenges SkyAI's $201M Buyback Amidst 70% SOL Treasury Drop
- SkyAI Exits Solana Holdings to Execute $201M Shareholder Buyback — this brief
SkyAI, a Nasdaq-listed company, has completed the sale of its entire 
Solana treasury, which was valued at $223.8 million. This divestment marks a significant shift in the company's asset allocation strategy.
The funds from the Solana sale will be used to execute a cash tender offer of up to $201.3 million, with shareholders being offered $3 per share. This buyback program aims to return value to shareholders amid the company's evolving business focus.
The decision to exit Solana holdings has been made despite calls from a major investor for a higher buyback price, indicating potential disagreement within the shareholder base. This suggests that the company may be prioritizing liquidity and capital management over immediate shareholder demands.
The move comes at a time when Solana's price has been relatively stable, with a 24-hour increase of 1.73% and a 7-day decline of 3.49%. The current market cap of Solana stands at $61.2 billion, according to live data.
The broader crypto market remains relatively flat, with a total market cap of $2.8 trillion. 
Bitcoin has seen a modest 0.98% increase in the past 24 hours, while the Fear & Greed Index currently sits at 59, indicating a 'Greed' sentiment.
Since this brief published about 4 hours ago, Solana (SOL) has moved from $103.86 to $104.30 — +0.42%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₦142,479.01 (about $104.30), up 3.7% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 19, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SkyAI Exits Solana Holdings to Execute $201M Shareholder Buy — questions & answers
Why did SkyAI sell its Solana holdings?
To fund a $201.3 million share buyback program offering $3 per share to shareholders.
What is the current value of SkyAI's cash holdings?
The company now holds $223.8 million in cash after selling its Solana treasury.
How has the market reacted to SkyAI's announcement?
Solana's price is up 1.73% in the past 24 hours, while the broader market remains stable.
How much is 1 Solana worth in naira today?
About ₦142,479.01 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $104.30. The naira price moves with both SOL's US-dollar price and the USDT/NGN rate; use our Solana in naira page for any amount.
Has Solana's price moved since this brief was published?
SOL is up 0.42% since this brief first published — trading at $104.30 now versus $103.86 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, Crypto.news, Bitcoin Sistemi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.