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TRX Bastion Trading presses SkyAI on Solana treasury and $3.50 tender price
Bastion Trading, a major SkyAI shareholder, is pressing the company over its Solana sales after its SOL treasury shrank 70% in under a month, with 400,000 SOL unexplained, and says it will not tender at $3 a share, demanding $3.50 instead. SkyAI's latest filing reports 600,000 SOL remaining and cash covering about 80% of the proposed offer.
Why “Unverified”
- 2 independent sources (The Defiant, The Block), but no primary confirmation
2 independent source groups across 2 posts · evidence score 81/100. How labels work
Market around the story
| Asset | Price at first report | 6h before | 1h before | 1h after | 6h after | 1h move vs normal | 24h volume vs median |
|---|---|---|---|---|---|---|---|
| SOL | $105.42 | −1.6% | −1.5% ! | −0.50% | −1.1% | 0.9σ | 0.9× |
Returns are measured from the moment the story first appeared. “vs normal” compares the move with the asset's typical hourly move over the previous 30 days.
What the sources claim
-
SkyAI's SOL treasury fell 70% in under a month, with 400,000 SOL unexplained. SOL
“SkyAI's SOL treasury fell 70% in under a month, with 400,000 SOL unexplained.”
The Block -
Bastion Trading won't tender at $3 a share and wants $3.50.
“Bastion Trading won't tender at $3 a share and wants $3.50.”
The Block -
Bastion says it will not participate on current terms.
“The shareholder says it will not participate on current terms.”
The Defiant -
SkyAI's latest filing reports 600,000 SOL remaining and cash covering about 80% of the proposed offer. SOL
“SkyAI’s latest filing reports 600,000 SOL remaining and cash covering about 80% of the proposed offer.”
The Defiant
Sources
More on SOL
Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-15 10:50 UTC. Labels are computed from the sources, not by the model.