SkyAI, previously operating as medical device manufacturer Sharps Technology, has completely liquidated its Solana treasury. On October 19, 2026, the company officially ended its cryptocurrency accumulation strategy by selling off all of its SOL holdings.
The organization is allocating its $223.8 million cash balance to fund a major capital return initiative. Through a formal tender offer, SkyAI aims to repurchase up to $201.3 million of its outstanding shares and warrants.
For traders holding SOL perpetual futures on Bitget, Bybit, MEXC, or OKX, this corporate liquidation changes nothing directly regarding funding rates or holding fees. While a complete treasury exit shifts corporate exposure, derivative maintenance costs on these platforms continue to be governed by live market order books and prevailing open interest.
Source: cointelegraph — Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
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