SkyAI Exits Solana, Plans $201.3M Shareholder Buyback
SkyAI's complete liquidation of its SOL holdings and share buyback plan signals shifting priorities in crypto treasuries.
SkyAI's complete liquidation of its SOL holdings and share buyback plan signals shifting priorities in crypto treasuries. Solana (SOL) is trading at $105.12, up 0.5% since this brief published. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Tue, 20 Oct 2026 03:00:04 UTC.
SkyAI's exit from Solana highlights shifting strategies among institutional crypto investors and could impact market sentiment for SOL. The significant share buyback plan also suggests the company sees more value in its own stock than in crypto holdings.
- SkyAI has completely liquidated its Solana (SOL) holdings.
- The company announced a $201.3M share buyback program.
- The move reflects changing priorities in institutional crypto investment.
- SOL price remains relatively stable despite the news.
- Bastion Trading Challenges SkyAI's $201M Buyback Amidst 70% SOL Treasury Drop
- SkyAI Exits Solana Holdings to Execute $201M Shareholder Buyback
- SkyAI Exits Solana, Plans $201.3M Shareholder Buyback — this brief
Melville, New York-based SkyAI, a publicly traded fintech and digital asset treasury firm, announced on Monday its complete exit from 
Solana (SOL).
The company revealed an ambitious share buyback initiative that could return up to $201.3 million to investors, indicating a strategic shift away from crypto investments.
This decision follows a trend of institutional investors re-evaluating their crypto holdings amid market volatility and shifting priorities.
Despite the significant nature of the announcement, Solana's price has remained relatively stable, with only a minor 0.30% decrease in the last 24 hours, currently trading at $104.64.
The broader crypto market remains flat, with 
Bitcoin down 0.94% in the same period, and the overall market cap holding steady at $2.8 trillion.
Since this brief published about 8 hours ago, Solana (SOL) has moved from $104.64 to $105.12 — +0.46%.
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 ≈ ₦143,383.68 (about $105.12), down 0.2% over 24 hours. The naira itself trades about 2.3% 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.
SkyAI Exits Solana, Plans $201.3M Shareholder Buyback — questions & answers
Why did SkyAI exit its Solana position?
The exact reasons are not specified, but the move suggests a strategic shift in investment priorities.
How will the share buyback affect SkyAI investors?
The $201.3 million buyback could increase the value of SkyAI shares by reducing the number of shares outstanding.
What impact will this have on Solana's price?
SOL's price has shown resilience, with only a minor 0.30% decrease despite the news.
How much is 1 Solana worth in naira today?
About ₦143,383.68 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $105.12. 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 0.46% since this brief first published — trading at $105.12 now versus $104.64 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 Bitcoin.com. 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.