SkyAI Exits Solana Treasury, Launches $201M Share Buyback
SkyAI has liquidated its entire Solana holdings and announced a $201.3 million cash tender offer to repurchase shares.
SkyAI has liquidated its entire Solana holdings and announced a $201.3 million cash tender offer to repurchase shares. Solana (SOL) is trading at ₹9,879 ($103.79). This is an original Token Times brief synthesising 2 outlets (Crypto Economy, Crypto.news), with their figures cross-checked, plus live market data, as of Mon, 19 Oct 2026 20:00:01 UTC.
The move marks a significant shift in SkyAI's treasury strategy and could influence investor sentiment around Solana exposure among publicly traded companies.
- SkyAI sold its entire $223.8M Solana treasury position
- Company launched $201.3M share buyback at $3 per share
- Decision comes despite investor pressure for higher buyback price
- Solana price remains stable at $103.86 despite the news
Both Crypto Economy and Crypto.news report that SkyAI has liquidated its entire Solana treasury and launched a $201.3 million cash tender offer at $3 per share. However, Crypto.news adds that a major investor has demanded a higher buyback price, suggesting potential internal conflict. The total cash amount from the Solana sale is corroborated at $223.8 million by Crypto Economy.
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- SkyAI Exits Solana Treasury, Launches $201M Share Buyback — this brief
SkyAI, a Nasdaq-listed company, has sold its entire 
Solana treasury, valued at approximately $223.8 million, according to multiple outlets. This divestment marks a significant shift in the company's treasury strategy, as it was previously one of the largest publicly traded holders of Solana.
Following the sale, SkyAI announced a cash tender offer worth up to $201.3 million, offering shareholders $3 per share. This decision comes despite pressure from a major investor for a higher buyback price, indicating potential internal disagreement over the company's capital allocation strategy.
The move has been corroborated by both Crypto Economy and Crypto.news, with the former emphasizing the treasury liquidation and the latter highlighting the shareholder buyback and investor pressure. The total cash amount from the Solana sale is consistently reported at $223.8 million.
This development comes amid a relatively stable market environment, with the total crypto market cap at $2.8 trillion and 
Bitcoin showing a modest 24-hour gain of 0.98%. The broader market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 59.
Solana's price has remained relatively stable despite the news, currently trading at $103.86 with a 24-hour increase of 1.73%. This suggests that the market may have already priced in the impact of SkyAI's divestment, or that investors are focused on other factors driving Solana's valuation.
Since this brief published about 3 hours ago, Solana (SOL) has moved from ₹9,885.91$103.86 to ₹9,879.24$103.79 — -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 Token Times'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 ≈ ₹10,785.86 (about $103.79), up 3.1% over 24 hours. The rupee itself trades about 9.2% above the official rate on the P2P market, so a Indian 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.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 19, 2026.
Token Times 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 Exits Solana Treasury, Launches $201M Share Buyback — questions & answers
Why did SkyAI sell its Solana holdings?
The company liquidated its Solana treasury to fund a $201.3 million share buyback program.
How much is SkyAI offering per share in the buyback?
SkyAI is offering $3 per share in the cash tender offer.
What is the current market value of Solana?
Solana is currently valued at $103.86 with a market cap of $61.2 billion.
How much is 1 Solana worth in rupee today?
About ₹10,785.86 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $103.79. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee 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 ₹9,879 ($103.79) now versus ₹9,886 ($103.86) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Crypto.news, with the key figures cross-checked for agreement across them. 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 Token Times 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.