Sharps Tech Expands $448M Solana Treasury, Launches $100M Buyback

Sharps Technology, a Nasdaq-listed medical device company with growing exposure to digital assets, has announced plans to repurchase up to $100 million of its outstanding common ￰0￱ company, which earlier this year revealed ambitions to build one of the largest Solana-based digital asset treasuries, continues to blend traditional finance strategies with blockchain-driven ￰1￱ to the press release , the new stock repurchase program will enable the company to repurchase its shares in the open market and in negotiated transactions, reinforcing confidence in both its business model and digital ￰2￱ Solana Exposure In August, Sharps Technology launched a $400 million private investment in public equity deal to fund its treasury ￰3￱ company disclosed that it holds about 2 million SOL, currently valued at nearly $448 ￰4￱ holding positions the firm as one of the largest corporate owners of Solana.

Furthermore, Sharps recently partnered with ￰5￱ to leverage institutional-grade custody solutions, underscoring its commitment to safeguarding assets while maximizing long-term ￰6￱ is not alone in this ￰7￱ Development also recently expanded its own stock buyback program to $100 million, signaling broader adoption of digital asset treasury ￰8￱ moves reflect a growing trend where companies integrate blockchain assets into their corporate balance sheets while simultaneously pursuing traditional financial maneuvers to strengthen investor trust. Solana’s Market Momentum Solana’s recent price performance has added weight to these ￰9￱ cryptocurrency traded around $232 , with a market capitalization of more than $126 ￰10￱ price has climbed over 16% the past week, fueled by strong technical ￰11￱ note that SOL has established a series of rounded bottoms followed by rallies, creating a predictable bullish ￰12￱ to FOUR | Crypto Spaces, the token has posted three major surges ranging from 54% to 73%.

Each rally started after a consolidation phase, reinforcing the idea of accumulation before ￰13￱ latest rebound from $200 support has reignited expectations for a move toward $300, a key resistance level highlighted on technical ￰14￱ and Rally Structure Trader Tardigrade points out that Solana’s daily chart mirrors a recurring pullback-and-run ￰15￱ cryptocurrency has consistently retraced about 24% before resuming its upward path.