SkyAI Liquidates Solana Holdings for $201M Shareholder Buyback
SkyAI has sold its entire Solana treasury to finance a significant share and warrant buyback program.
SkyAI has sold its entire Solana treasury to finance a significant share and warrant buyback program. Solana (SOL) is trading at $106.62. This is an original TLT brief based on reporting by Crypto Daily, with live market data added, as of Wed, 21 Oct 2026 09:00:05 UTC.
This move highlights SkyAI's strategic shift to return value to shareholders while reducing its exposure to Solana, potentially impacting SOL's liquidity and price dynamics.
- SkyAI sold its entire Solana treasury for an undisclosed amount.
- The company reported $223.8M in cash reserves post-sale.
- Proceeds will fund a $201.3M tender offer for shares and warrants.
- SOL price remains stable despite the large liquidation.
- 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
- SkyAI Liquidates Solana Holdings for $201M Shareholder Buyback — this brief
SkyAI has announced the sale of its entire 
Solana treasury as part of a strategic initiative to finance a substantial shareholder buyback program.
According to Crypto Daily, the company now holds $223.8 million in cash after the sale, which will be used to fund a $201.3 million tender offer for shares and warrants.
This development comes as the broader crypto market shows signs of recovery, with the total market cap reaching $2.85 trillion and 
Bitcoin up 2.13% in the last 24 hours.
Solana's price has remained relatively stable despite the large liquidation, currently trading at $106.7 with a 24-hour increase of 2.60% and a 7-day decrease of 0.35%.
The move underscores SkyAI's focus on enhancing shareholder value while potentially impacting Solana's market dynamics due to the significant reduction in its treasury holdings.
Since this brief published about 60 minutes ago, Solana (SOL) has moved from $106.70 to $106.62 — -0.07%.
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; intraday detail builds over the first day). 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 ≈ ₦145,342.25 (about $106.62), up 2.5% 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 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 Liquidates Solana Holdings for $201M Shareholder Buyba — questions & answers
How much Solana did SkyAI sell?
The exact amount of Solana sold is not specified, but it was the entire Solana treasury.
What will SkyAI do with the proceeds?
The proceeds will fund a $201.3 million tender offer for shares and warrants.
How will this affect Solana's price?
SOL's price has remained stable, but the large liquidation could impact future liquidity.
How much is 1 Solana worth in naira today?
About ₦145,342.25 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $106.62. 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 down 0.07% since this brief first published — trading at $106.62 now versus $106.70 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 Daily. 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.