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Major shareholder presses SkyAI on Solana sales after treasury shrinks 70% in a month

SkyAI's SOL treasury fell 70% in under a month, with 400,000 SOL unexplained. Bastion Trading won't tender at $3 a share and wants $3.50.

Major shareholder presses SkyAI on Solana sales after treasury shrinks 70% in a month
The Block
AI summary

SkyAI's Solana treasury shrank 70% in under a month, with 400,000 SOL unaccounted for, prompting major shareholder Bastion Trading to press the company on the sales. Bastion is refusing to tender its shares at $3 and is demanding $3.50 instead. The unexplained liquidation of a large SOL position and the shareholder dispute raise governance and transparency concerns that could weigh on sentiment toward Solana-linked treasury vehicles.

Narrative history
3 linked stories · 4 outlets · since 14 Oct
  1. 52M AGO
    You’re reading this
    Major shareholder presses SkyAI on Solana sales after treasury shrinks 70% in a month
    The Block · Score 55
  2. 4H AGO
  3. 5H AGO
    The Defiant · Score 25 · via SkyAI, Bastion
  4. 16H AGO
    CryptoSlate · Score 55 · via SkyAI, tender
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