SkyAI Recently Sold Approximately 1 Million SOL, May Continue to Reduce Holdings

PANews, October 13 - According to Lookonchain monitoring, SOL treasury company SkyAI has transferred out 1.57 million SOL this month, worth approximately $175 million, with an average purchase price of around $194, estimating losses exceeding $160 million. The company confirmed in an announcement that it recently sold approximately 1 million SOL, accounting for about 50% of its original holdings, and still holds approximately 1 million SOL, which may be further sold depending on market conditions. Proceeds from the sales are intended for cash tender offers to repurchase shares and warrants. On-chain transfer volumes do not equate to actual sold volumes.