SkyAI lifts cash tender to $214M after Bastion settlement, sells all SOL
AI summary
SkyAI has raised its cash tender offer to $214.3 million following a settlement with Bastion Trading. To fund the deal, the company sold its entire Solana treasury. The move is notable for SOL holders because it represents a sizable liquidation of a corporate Solana position, though the settlement itself removes an overhang.
Narrative history
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1H AGOYou’re reading thisSkyAI lifts cash tender to $214M after Bastion settlement, sells all SOLcrypto.news · Score 45
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19 OCT · 21:04Cointelegraph · Score 55 · via launches $201M, $201M
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19 OCT · 15:49Crypto Briefing · Score 45 · via entire Solana, dumps entire
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19 OCT · 15:28The Block · Score 55 · via SkyAI, treasury fund
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19 OCT · 13:51Crypto Briefing · Score 55 · via $201M, SkyAI dumps
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19 OCT · 13:49The Defiant · Score 55 · via tender, SkyAI
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15 OCT · 18:40Bitcoin.com News · Score 45 · via tender, SkyAI
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14 OCT · 18:25The Block · Score 55 · via SkyAI, Solana treasury
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14 OCT · 14:24Crypto Briefing · Score 25 · via $201M tender, $201M
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14 OCT · 13:59The Defiant · Score 25 · via tender, Bastion
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14 OCT · 02:20CryptoSlate · Score 55 · via tender, tender offer
