SkyAI Sells Entire Solana Holdings for $201M Buyback
SkyAI has liquidated its entire Solana treasury to finance a significant share and warrant buyback program.
SkyAI has liquidated its entire Solana treasury to finance a significant share and warrant buyback program. Solana (SOL) is trading at ₹10,128 ($106.62). This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Wed, 21 Oct 2026 09:00:01 UTC.
This move signifies a strategic shift in SkyAI's asset allocation and could impact market perception of both the company and Solana.
- SkyAI sold its entire Solana holdings for $201M buyback.
- The company now holds $223.8M in cash reserves.
- Solana's price remains stable despite the large sell-off.
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- SkyAI Sells Entire Solana Holdings for $201M Buyback — this brief
SkyAI has completed the sale of its entire 
Solana treasury and reported $223.8 million in cash reserves. The funds will be used to finance a $201.3 million tender offer for the company's shares and warrants.
The decision to liquidate its crypto holdings suggests a strategic shift in SkyAI's asset allocation strategy, potentially aiming to strengthen its financial position and shareholder value.
Despite the large Solana sell-off, the cryptocurrency's price has remained relatively stable, currently trading at $106.7 with a 24-hour increase of 2.60%. This indicates that the market has absorbed the sale without significant disruption.
The broader crypto market remains in a positive trend, with a total market cap of $2.85 trillion and a Fear & Greed index of 63, indicating a 'Greed' sentiment. 
Bitcoin has also seen a 24-hour gain of 2.13%.
The company's cash holdings have increased to $127.7 million according to DeFiLlama, suggesting that the Solana sale has significantly bolstered its liquidity.
Since this brief published about 59 minutes ago, Solana (SOL) has moved from ₹10,135.99$106.70 to ₹10,128.39$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 Token Times'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 ≈ ₹11,124.73 (about $106.62), up 2.5% over 24 hours. The rupee itself trades about 9.8% 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 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 Sells Entire Solana Holdings for $201M Buyback — questions & answers
Why did SkyAI sell its Solana holdings?
To fund a $201.3 million tender offer for shares and warrants, indicating a strategic shift in asset allocation.
How much cash does SkyAI have now?
The company reported $223.8 million in cash reserves after the Solana sale.
What impact did the sale have on Solana's price?
Solana's price remained stable, currently at $106.7, with a 2.60% 24-hour increase.
How much is 1 Solana worth in rupee today?
About ₹11,124.73 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $106.62. 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 ₹10,128 ($106.62) now versus ₹10,136 ($106.70) 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 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 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.