SkyAI and Bastion Trading Settle Over Share Buyback Plan, Will No Longer Buy SOL

According to Shenchao TechFlow, on October 28, SolanaFloor disclosed that Solana treasury company SkyAI has reached a settlement with Bastion Trading, which now supports SkyAI repurchasing shares at $3 per share after previously opposing the plan. SkyAI also confirmed that it has sold all 2 million SOL at an average price of $107 per SOL, and stated that it will not repurchase SOL after completing the share buyback.

Source: Shenchao TechFlow