{"id":60336,"date":"2026-10-13T06:24:12","date_gmt":"2026-10-13T06:24:12","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=60336"},"modified":"2026-10-13T06:24:12","modified_gmt":"2026-10-13T06:24:12","slug":"altcoin-treasury-company-reports-138-million-in-sales","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/altcoin-treasury-company-reports-138-million-in-sales\/","title":{"rendered":"Altcoin Treasury Company Reports $138 Million in Sales"},"content":{"rendered":"\n<p><strong>SkyAI Sells $138 Million in Solana Reserves to Fund Share Repurchase<\/strong><\/p>\n<p>SkyAI, a publicly listed company involved with the Solana treasuries, has recently made headlines by selling around 1.25 million SOL tokens, translating to approximately $138 million. This sale occurred within just five days, highlighting the scale of the company&#8217;s transaction in the cryptocurrency market.<\/p>\n<p>On-chain data indicates that alongside the sale, 211,623 SOL tokens were transferred to Coinbase Prime. SkyAI confirmed the sale of approximately 1 million SOL just the day prior. Given this information, it appears the subsequent transfer of tokens was also intended for resale, bringing the company&#8217;s total sales over this short period to roughly 1.25 million SOL.<\/p>\n<p>The impetus behind these sales is part of SkyAI&#8217;s broader strategy to reduce its Solana holdings as the company pursues a plan to repurchase a substantial portion of its issued shares, targeting up to 95%. The decision indicates a shift in the company\u2019s investment strategy while addressing shareholder value.<\/p>\n<p>While the sales have made a significant impact, it remains unclear whether all 211,623 SOL sent to Coinbase Prime have been sold off. During the same timeframe, the price of Solana saw a decline of about 8%, mirroring a wider trend of downturn across the cryptocurrency market.<\/p>\n<p>This development in SkyAI\u2019s approach to its cryptocurrency assets is drawing attention as investors remain wary of market volatility and the potential influence of such large-scale transactions.<\/p>\n<p><em>This article is for informational purposes only and does not constitute investment advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SkyAI Sells $138 Million in Solana Reserves to Fund Share Repurchase SkyAI, a publicly listed company involved with the Solana treasuries, has recently made headlines by selling around 1.25 million SOL tokens, translating to approximately $138 million. This sale occurred within just five days, highlighting the scale of the company&#8217;s transaction in the cryptocurrency market. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":60337,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Altcoin Treasury Company Reports $138 Million in Sales - Bitrabo","description":"SkyAI Sells $138 Million in Solana Reserves to Fund Share Repurchase SkyAI, a publicly listed company involved with the Solana treasuries, has recently made hea"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[316],"tags":[785,475,566,1701,561,2205,499,1157],"class_list":["post-60336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-altcoin","tag-begins","tag-company","tag-days","tag-million","tag-sales","tag-selling","tag-treasury"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=60336"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/60337"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=60336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=60336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=60336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}