SOL treasury company Sharps Technology plans to repurchase $100 million worth of shares

According to ChainCatcher, as reported by The Block, SOL treasury company Sharps Technology plans to repurchase circulating common shares worth $100 million. The company stated in a release: "This new stock repurchase program will enable the company to buy back its shares on the open market and through negotiated transactions."

In August this year, Sharps Technology announced its intention to become "the largest Solana digital asset treasury" and launched a private investment in public equity (PIPE) transaction valued at over $400 million. Multiple investors, including ParaFi Capital and Pantera Capital, participated in this transaction.