Solana Treasury Company Sells $12M Worth of SOL at Loss

SkyAI Inc., a Solana treasury company, recently disclosed that it sold $12.47 million worth of SOL tokens at an average price of $92.09 per token during the first half of 2026. The sale resulted in a realized loss of $14.72 million due to the tokens being sold at a lower price than their cost basis of $200.79.

The company's treasury sales did not close its operating gap, with working capital falling to $12.63 million from $14.19 million over the same six-month period. SkyAI also repaid a $3.08 million margin loan and spent $2.01 million on share repurchases.

Management stated that future working-capital needs may be met through a combination of selling part of the SOL treasury, issuing equity or obtaining traditional financing until operations can support themselves.