SkyAI, formerly known as Sharps Technology, has announced the complete divestment of its Solana reserves and initiated a stock and warrant buyback program with a total value of up to $201.3 million. As of October 16, the company reported having $223.8 million in cash on its balance sheet. The buyback will allow for the repurchase of up to 95% of each class of securities at a price of $3 per unit, with the offer valid until October 29. Previously, in September, SkyAI held over 2 million SOL, making it one of the top five public holders of the cryptocurrency. The company plans to continue the development of its financial AI platform based on Solana.