Solana Treasury Firms Announce $100 Million Stock Buyback Programs
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TLDR Sharps Technology announced a $100 million stock buyback program Sharps holds 2 million SOL worth approximately $448 million DeFi Development also increased its stock repurchase program to $100 million Sharps’ stock (STSS) has fallen around 43% since its August peak Solana (SOL) continues to perform well, trading at $228.04, up 55.5% over three months In a move that signals confidence in their business strategy, Sharps Technology, a major Solana digital asset treasury (DAT), announced plans to buy back up to $100 million of its outstanding common stock. The announcement came on Thursday as the company looks to boost its share price after recent market volatility. “This new stock repurchase program will enable the company to repurchase its shares in the open market and in negotiated transactions,” Sharps said in a statement released this week. The buyback program follows similar moves in the growing Solana treasury sector. Sharps Technology has positioned itself as one of the largest corporate holders of Solana. The company currently holds 2 million SOL tokens, valued at approximately $448 million at current prices. The Nasdaq-listed medical device firm made headlines in August when it announced its intention to become the “largest Solana digital asset treasury.” This strategy was backed by a private investment in public equity (PIPE) transaction worth over $400 million, with participation from major crypto investors including ParaFi Capital and Pantera Capital. Sharps also signed an agreement with the Solana Foundation to purchase $50 million worth of SOL at a 15% discount to the 30-day average market price. This partnership highlighted the alignment between the company and the foundation in building out Solana as a financial infrastructure layer. Alice Zhang, Sharps’ chief investment officer, cited “accelerating institutional adoption” as a key factor in the company’s Solana strategy. She described the network as setting “the…
Filed under: News - @ October 3, 2025 11:27 am