SOL Financial Company Sharps Technology plans to repurchase $100 million worth of stock

ChainCatcher news, according to The Block, SOL treasury company Sharps Technology plans to repurchase $100 million worth of outstanding common stock. The company stated in a press release: "This new stock repurchase plan will enable the company to buy back its shares in the open market and through negotiated transactions."

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