Solana Treasury Sells $12.5M Worth of SOL at 54% Loss

SkyAI Inc., a Solana treasury company, has revealed that it sold $12.5 million worth of SOL tokens at a loss of 54%. The sale was made during the first half of 2026 as part of an effort to reduce its balance sheet.

The company's digital-commodity holdings, which include SOL tokens, were valued at $144.28 million on June 30, down from $250.11 million at the end of 2025. The sale generated a realized loss of $14.72 million, while the unrealized loss was $84.34 million.

Despite selling a significant portion of its SOL treasury, SkyAI's balance sheet still shrank. The company's working capital fell to $12.63 million from $14.19 million over the same period, indicating that it is still struggling to generate enough cash to cover its expenses.