No Longer Repurchasing SOL: SkyAI Reaches Settlement with Bastion Trading Over Stock Repurchase Plan

Odaily reports that Solana treasury company SkyAI has announced it has reached a settlement with major shareholder Bastion Trading regarding its stock repurchase plan. Bastion Trading, which previously opposed SkyAI's $3-per-share repurchase plan, has now shifted to supporting it. SkyAI confirmed it has sold all 2 million SOL at an average price of $107 and will no longer repurchase SOL after the stock buyback; it currently holds $224 million in cash.