Holding $223.8 Million in Cash, SkyAI Liquidates All SOL and Launches Repurchase Program of Up to $201.3 Million

Odaily reports: Solana treasury company SkyAI (formerly Sharps Technology) has sold off all of its Solana assets, with holdings dropping from over 2 million SOL in September to zero as of October 16. The company currently holds $223.8 million in cash and has initiated a repurchase program totaling up to $201.3 million, at a repurchase price of $3 per share or per warrant.