SOL Treasury Corp's Sharps Technology Plans $100M Stock Buyback

BlockBeats News, October 2nd, according to The Block, SOL treasury company Sharps Technology plans to repurchase $1 billion worth of outstanding common stock. The company stated in a release: "This new stock buyback program will enable the company to repurchase its shares on the open market and through negotiated transactions."

In August of this year, Sharps Technology stated its ambition to become the "largest Solana digital asset treasury" and initiated a PIPE (private investment in public equity) transaction worth over $400 million. Several investors, including ParaFi Capital and Pantera Capital, participated in this transaction.