SkyAI treasury falls 70% as Bastion Trading rejects $3 share buyout
CIE News ·
SkyAI's Solana treasury dropped 70% in under a month with 400,000 SOL unexplained, according to The Block, as shareholder Bastion Trading demands $3.50 per share.
SkyAI's Solana (SOL) treasury has decreased by 70% in under a month, according to The Block. Within that decline, 400,000 SOL tokens remain unexplained as major shareholder Bastion Trading presses the company on token sales. Bastion Trading has officially stated it will not tender its shares at $3 each and is instead demanding a price of $3.50 per share.