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2h ago

Sharps Technology Launches $100 Million Buyback, Taps Crypto.com to Run Its Solana Treasury

Management frames the move as pairing institutional custody for its Solana treasury with a sizable shareholder return.

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Solana dat sharps technology announces $100 million share repurchase program

Overview

  • The board authorized repurchases of up to $100 million of common stock through open‑market purchases and negotiated transactions.
  • Sharps selected Crypto.com to provide institutional custody, liquidity provision, and OTC execution for its digital asset operations.
  • The company disclosed holdings of more than 2 million SOL, valued at over $400 million at recent prices.
  • A portion of the SOL position will be deployed into Solana‑native projects via Crypto.com’s platform to earn yield and help deepen ecosystem liquidity.
  • Recent disclosures follow an August financing that included a $400 million PIPE and an agreement to buy $50 million of SOL from the Solana Foundation at a 15% discount.