SkyAI Reaches Settlement With Bastion Trading on Share Buyback Plan, Confirms It Will Not Buy Back SOL Again
2026/10/28 16:10:01
Bollcoin, October 28: According to SolanaFloor, Solana treasury company SkyAI said it has reached a settlement with major shareholder Bastion Trading. Bastion Trading, which previously opposed SkyAI's $3-per-share buyback plan, has now shifted to supporting it. SkyAI also confirmed that it has sold all 2 million SOL at an average price of $107 and will not buy back SOL after the share repurchase. Earlier, on October 19, SkyAI had fully liquidated its SOL and currently holds $223.8 million in cash; then on October 21, SkyAI major shareholder Bastion Trading questioned the board's supervisory failures, demanding an explanation for the SOL liquidation and a new buyback plan.