SkyAI, formerly Sharps Technology, now holds roughly $223.8 million in cash and no SOL after completing the sale of its entire reserve, having held over 2 million SOL as recently as Sept. 14. It is offering $3 per share or warrant to buy back 95% of outstanding shares, leaving about $22.5 million if fully subscribed. Bastion Trading, holding nearly 10%, sought $3.50 per share, insider restrictions, and an independent review. SkyAI dropped its SOL-above-$100 condition and says it still plans a Solana stablecoin-AI platform, staying Nasdaq-listed. SKYA rose 4.5% to $2.77.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
9 accounts

1 report
first post
Leviathan +2.8 h later

SKYAI reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−0.3% 24h after post

$0.0289 → $0.0288
BTC −0.7% same window

SOL reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
+0.4% 24h after post

$104.25 → $104.69
BTC +0.2% same window

Thread · 5 events · started 15 Sep 14:29 · last update 19 Oct 13:39
  1. UpdateSkyAI plans a $201M tender offer and rejects Forward Industries’ bid6 acc.
  2. UpdateSkyAI confirms selling about 1 million SOL to fund its $201M share buyback6 acc.
  3. UpdateSkyAI activist demands disclosure of major SOL sales and a higher tender offer12 acc.
  4. UpdateSkyAI plans to sell its remaining SOL and buy back up to 95% of shares and warrants2 acc.
  5. UpdateSkyAI exits its Solana treasury and launches a share-and-warrant tender offer9 acc.
  6. Leviathan published this article

All times UTC.

Cited posts

  • @SolanaFloorFirst reportOn X ↗

    🚨JUST IN: @Solana treasury firm SkyAI has sold all its $SOL, completing its treasury exit. The company now holds $223.8M in cash and has launched a tender offer of up to $201.3M to buy back 95% of its shares and warrants at $3 each.

  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: SkyAI (formerly Sharps Technology) has sold its entire Solana treasury, going from more than 2 million solana:So11111111111111111111111111111111111111112 in September to zero by Oct. 16. The company now holds $223.8 million in cash and has launched a buyback of up to…

  • @SolanaCompass Solana 🧭 CompassOn X ↗

    SkyAI (Nasdaq: SKYA) held more than 2 million SOL in mid-September. It now holds none. Its Oct 19 SEC filing shows about $223.8M in cash, and a $3.00-a-share tender offer for up to 95% of its stock and warrants, about $201.3M if fully taken up, that closes Oct 29.

Show 2 more cited posts
  • @cryptounfolded unfolded.On X ↗

    SkyAI sells off entire Solana treasury as it launches $201 million buyback

  • @wublockchain12 吴说区块链On X ↗

    纳斯达克上市公司 SkyAI（SKYA）宣布启动现金要约，以每股或每份认股权证 3 美元的价格，回购各类别最多 95% 的已发行普通股及相关认股权证，若全部认购，交易总额约 2.013 亿美元。截至 10 月 16 日，公司持有约 2.238 亿美元现金，并已出售全部 SOL，因此此次要约不再与 SOL 价格挂钩。要约预计于 10…

4 more accounts posted about this · 4 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · SKYAI

Open1 open position · 1 long · 0 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 2 Oct 14:31 UTC.

Whole crypto market, not this story

Crowding25th percentile · vs last 28 days, 50 typical
Pulse 24h34/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.3% long · 11,172 accounts

As of 19 Oct 15:50 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko prices Hyperliquid post text from Xas of

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