Sharps Tech’s $100M Buyback Lifts Solana Treasury Above $400M
Sharps Technology (Nasdaq: STSS) announced a $100 million stock buyback program, expanding its Solana treasury.
Quick overview
- Sharps Technology announced a $100 million stock buyback program and is expanding its Solana treasury.
- The company holds over 2 million SOL tokens, valued at over $400 million, and has allocated some to BonkSOL for staking.
- The Solana Staking ETF reached $382 million in assets under management, combining SOL spot with staking rewards.
- Liquid staking is being utilized to enhance yields while maintaining asset liquidity, with new ETFs offering exposure to both SOL and ETH.
Sharps Technology (Nasdaq: STSS) announced a $100 million stock buyback program, expanding its Solana treasury. The company will repurchase shares through open market and private transactions.
This means Sharps will use its growing income to invest more in digital assets. Right now they hold over 2 million SOL tokens, worth over $400 million, making Solana the foundation of their treasury.
They have also allocated a portion of these holdings to BonkSOL, a liquid staking token, so they can earn staking rewards and increase liquidity on the Solana network.
Key points:
- 2M SOL tokens held, worth $400M+
- Partial allocation to BonkSOL for staking
- Open market and private share buybacks
Sharps Tech announces a $100M buyback of Solana—raising eyebrows across crypto. Strategic move or loss of faith in SOL? 📉
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Solana Staking ETF Reaches $382M
The Solana Staking ETF (SSK), listed on the Cboe BZX Exchange, hit a new high of $382 million in assets under management. The fund combines SOL spot with staking rewards, the first U.S. ETF to do so.
Launched just two months ago, SSK ETF surpassed $250M AUM in weeks and has continued to grow due to increasing interest in Solana-based investments.
Highlights:
- First U.S. ETF combining SOL spot and staking rewards
- $250M to $382M AUM in weeks
- Growth driven by Solana treasury expansion
Liquid Staking Gives Investors Flexibility
Sharps Technology and related funds are increasingly using liquid staking to boost yields while keeping assets tradable. The REX-Osprey fund introduced JitoSOL, Solana’s leading liquid staking token, so investors can earn staking income and liquidity.
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Beyond Solana, REX Osprey launched the Ethereum Staking ETF (ESK), offering direct ETH exposure and on-chain staking rewards. These are just the latest examples of a growing trend in crypto ETFs, combining traditional investment structures with decentralized finance.
Investor benefits:
- Earn staking rewards without losing liquidity
- Access to both SOL and ETH via U.S. listed ETFs
- Long-term portfolio diversification through digital assets
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