SkyAI sells off entire Solana treasury as it launches $201 million buyback

What happened

SkyAI holds $223.8 million in cash after selling all its SOL, with its $3 buyback running through Oct. 29.

Why it matters

The launch may affect adoption and competitive positioning for Solana; usage evidence is the next signal to watch.

Affected entities

View evidence

2 reports · 1 original report · 2 independent

1. The BlockPrimary source · Supports · EN · 100%
   SkyAI sells off entire Solana treasury as it launches $201 million buyback ↗Oct 19, 2026, 11:28 AM
2. CointelegraphIndependent · Supports · EN · 67%
   Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback ↗Oct 19, 2026, 5:04 PM

Claims

• SkyAI sells off entire Solana treasury as it launches $201 million buyback Announced

Conflicts

No material conflict detected in the available evidence.

Timeline

1. October 19, 2026 at 11:28 AMFirst reported
2. Oct 19, 2026, 5:13 PMUnverified · 72/67%

Market move following event

Score explanation