PANews reported on October 2 that according to The Block, Nasdaq-listed Sharps Technology (STSS), which has transformed into the Solana digital asset treasury (DAT), announced on Thursday that it plans to repurchase up to $100 million worth of the company's common stock. Share buybacks are often used by management to signal to the market that they believe the company's stock price is undervalued. The company currently holds 2 million SOL tokens, currently valued at approximately $448 million. At the time of the announcement, the company's stock price was $6.52, a significant drop from its high of $16 in late August.PANews reported on October 2 that according to The Block, Nasdaq-listed Sharps Technology (STSS), which has transformed into the Solana digital asset treasury (DAT), announced on Thursday that it plans to repurchase up to $100 million worth of the company's common stock. Share buybacks are often used by management to signal to the market that they believe the company's stock price is undervalued. The company currently holds 2 million SOL tokens, currently valued at approximately $448 million. At the time of the announcement, the company's stock price was $6.52, a significant drop from its high of $16 in late August.
Sharps Technology, the treasury company of SOL, announced it would repurchase up to $100 million of its own stock.
PANews reported on October 2 that according to The Block, Nasdaq-listed Sharps Technology (STSS), which has transformed into the Solana digital asset treasury (DAT), announced on Thursday that it plans to repurchase up to $100 million worth of the company's common stock.
Share buybacks are often used by management to signal to the market that they believe the company's stock price is undervalued. The company currently holds 2 million SOL tokens, currently valued at approximately $448 million. At the time of the announcement, the company's stock price was $6.52, a significant drop from its high of $16 in late August.
Market Opportunity
Solana Price(SOL)
$145.01
$145.01$145.01
USD
Solana (SOL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
WIF Price Prediction: Targets $0.47 Resistance Test by End of January
The post WIF Price Prediction: Targets $0.47 Resistance Test by End of January appeared on BitcoinEthereumNews.com. Joerg Hiller Jan 14, 2026 15:02 dogwifhat
Share
BitcoinEthereumNews2026/01/15 14:24
The Role of Reference Points in Achieving Equilibrium Efficiency in Fair and Socially Just Economies
This article explores how a simple change in the reference point can achieve a Pareto-efficient equilibrium in both free and fair economies and those with social justice.
Share
Hackernoon2025/09/17 22:30
Dow Jones up 100 points as Fed takes focus away from Israel-Iran war
Middle East escalation is taking a back seat in the markets as traders await Fed's decision.
Share
Crypto.news2025/06/19 00:59