SkyAI Sells All SOL Holdings and Launches $201 M Cash‑Back Buyback

SkyAI has liquidated its entire Solana (SOL) position and announced a $201 million buyback that will be paid entirely in cash, rather than being tied to the price of SOL. The move follows the company’s August 2025 launch of a SOL‑holding strategy that has since produced roughly $150 million in unrealized losses over a single year. By opting for a cash‑back plan, SkyAI aims to cover up to 95 % of its outstanding shares and warrants, effectively removing the exposure to SOL’s volatile price movements. The decision marks a significant shift from the original plan to link the buyback to SOL’s market value and underscores the company’s response to the sharp decline in the cryptocurrency’s price. The buyback, which will be funded entirely from cash reserves, is intended to support the company’s equity structure and mitigate the impact of the recent losses. While the strategy was initially designed to capitalize on SOL’s potential upside, the rapid price decline prompted SkyAI to pivot to a more conservative, cash‑based approach. This development highlights the risks associated with holding large positions in volatile digital assets and the importance of flexible capital allocation strategies for crypto‑focused firms.

Written with AI from the reporting · updated 10/19/2026