SOL treasury company SkyAI is liquidating its SOL reserves, having sold approximately 1.25 million SOL over five days.

BlockBeats news, October 12th, according to EmberCN monitoring, Nasdaq-listed SOL treasury company SkyAI (SKYA) is liquidating its SOL reserves. About half an hour ago, the company transferred 211,623 SOL to Coinbase Prime.

SKYA announced yesterday that it had recently sold approximately 1 million SOL. Combined with the approximately 211,600 SOL transferred to the trading platform today, the company is expected to have sold a total of approximately 1.25 million SOL over the past 5 days, worth approximately $138 million at current prices.

According to the company's announcement, the sale of SOL reserves is to repurchase 95% of its issued shares.