SkyAI Sells $12.5M Worth of SOL, Still Holds Over $150M in Cryptocurrency

SkyAI, formerly known as Sharp Technology, has revealed that it sold 135,399 Solana tokens for approximately $12.47 million in the first half of this year.

The company disclosed the sale in a filing with the U.S. Securities and Exchange Commission (SEC), which also outlined its strategy to raise capital through additional token sales until it can generate sufficient cash from operations.

Despite reporting $84.34 million in unrealized losses for the first half, SkyAI continues to hold a significant amount of Solana tokens, with 1,494,026 liquid SOL and 509,650 locked-up SOL worth around $151 million at current prices.