SkyAI, previously operating as Sharps Technology, has finalized the sale of its entire Solana treasury. The company held 2,077,799 SOL, which had an approximate valuation of $218.5 million. Following this divestment, the firm reports a cash position of $223.8 million.
The company has launched a tender offer valued at $201 million. The offer is set at a price of $3 per share. This move proceeds despite opposition and challenges regarding the share price from Bastion.
At the time of the report, the market price of Solana was approximately $105. The sale represents a notable reduction in the amount of Solana held within the corporate treasury market.
