Sharps Technology pursuing US$100 million share buyback…Strengthening Solana (SOL) financial strategy
JH Kim
Summary
- Sharps Technology said it is pursuing a US$100 million share buyback.
- The company announced in September a US$400 million purchase of Solana (SOL), with participation from ParaFi Capital and Pantera Capital.
- Sharps Technology said it plans to manage digital asset finances through Crypto.com's institutional-grade custody infrastructure and OTC desk.
On the 2nd (local time), according to crypto-focused media The Block, U.S. Nasdaq-listed Sharps Technology is pursuing a share buyback of up to US$100 million.
The company said, "This share buyback program will be conducted through the open market and negotiated transactions."
Earlier, Sharps Technology announced in August that it would stockpile Solana (SOL). Sharps Technology announced in early September that it had purchased US$400 million (approximately 560 billion won) worth of Solana.
The investment included ParaFi Capital and Pantera Capital.
Sharps Technology added that it plans to manage digital asset finances using Crypto.com's institutional-grade custody infrastructure and over-the-counter (OTC) desk.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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