SkyAI Exits SOL Holdings, Announces Up to $201.3 Million in Buybacks
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SkyAI said it had sold all its solana holdings and announced a share repurchase initiative of up to $201.3 million.
SkyAI, a publicly traded U.S. fintech and digital asset treasury company, announced Monday that it had fully liquidated its solana (SOL) holdings.
The Melville, New York-based firm also unveiled a share buyback initiative that could return up to $201.3 million to shareholders.
Bitcoin.com News reported that the announcement, along with earlier company updates, had helped lift SkyAI’s share price. The available report did not specify the proceeds from the SOL sale or a timetable for the buybacks.
Source: Bitcoin.com News
