--- title: "SkyAI sells all SOL holdings and launches buyback" language: en canonical: "https://whycoinmoves.com/en/events/solana-e79ea86c579606" published: 2026-10-20T05:23:30.000Z updated: 2026-10-20T07:28:10.000Z indexable: false --- # SkyAI sells all SOL holdings and launches buyback Attributed sources: [Cointelegraph]() ## Key facts Cointelegraph reports that SkyAI, described as a Solana treasury firm and former medical device maker, has liquidated its Solana holdings and is offering to repurchase shares and warrants using its cash. The report is not an official company statement, and no independent verification is provided. News evidence score: 30/100 from 1 publisher group(s) (Cointelegraph); this measures source completeness, not truth or causation. After site detection, observed returns were 1 hour: -0.32% (difference from BTC -0.05 pp; 20/10/2026, 13:25 → 20/10/2026, 14:29, UTC+8; OKX · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 2.01% (OKX · USDT; cutoff 20/10/2026, 13:23, UTC+8). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC+8) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | — | — | — | — | — | | 1 hour | -0.32% | -0.27% | -0.05 pp | 20/10/2026, 13:25 → 20/10/2026, 14:29 | OKX · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 99.9% (719/720) | | Median absolute hourly return | 0.28% | | 99th percentile of absolute hourly returns | 2.01% | | BTC beta | 1.42 | | Source / cutoff (UTC+8) | OKX · USDT / 20/10/2026, 13:23 | ## Claims and open questions - SkyAI has sold all of its SOL holdings, per Cointelegraph - SkyAI is offering to repurchase shares and warrants using its cash holdings, per Cointelegraph - Whether SkyAI has confirmed the liquidation and buyback through an official statement - The exact size and terms of the share and warrant repurchase offer - What motivated the decision to liquidate the SOL treasury ## Source evidence - [Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback]() — Cointelegraph; published 20/10/2026, 05:04; received 20/10/2026, 13:23 (UTC+8). ## Recent SOL events and market reactions - [Study evaluates geo-aware leader schedule proposal for Solana]() - [Full coin archive]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.