This corporate Solana treasury dumped $12.5M of SOL at a 54% loss – and its balance sheet still shrank

SkyAI Inc. (SKYA), a Solana treasury company, said in a recent SEC filing that it sold 135,399 SOL for $12.47 million during the first half of 2026 and may use more token sales to help fund the business until its operations generate enough cash. SkyAI also made an $84.34 million unrealized digital-commodity loss for the six months ended June 30. The loss reflected changes in fair value rather than cash leaving the bu…