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Investors Paid $6.50 a Unit to Build a Solana Treasury. The Company Just Sold Every SOL and Is Offering $3 to Buy Them Out

Investors Paid $6.50 a Unit to Build a Solana Treasury. The Company Just Sold Every SOL and Is Offering $3 to Buy Them Out

SkyAI, formerly Sharps Technology and once the fifth-largest public Solana treasury company, says it has sold all of its SOL and is holding about $223.8 million in cash. Now it's offering $3.00 a share to buy back 95% of its stock, about $201.3 million in total. Its biggest outside holder wants to know when, and at what prices, the SOL was sold.

Oct 20, 2026 · 4 min read
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