SkyAI, a Nasdaq-listed company, has sold all its SOL (Solana) holdings and launched a cash tender offer worth approximately $201.3 million. The offer allows eligible shareholders to sell up to 95% of their shares and warrants at $3 per share or warrant. The company reported $223.8 million in cash as of October 16, when Solana sales were completed. The tender offer is set to expire on October 29 unless extended or terminated early. This move contrasts with other cryptocurrency treasury companies that have continued accumulating tokens in recent months.
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