Solana DAT Sharps Technology Announces $100 Million Share Repurchase Program

Sharps Technology Inc. announced Thursday that it has authorized a $100 million stock repurchase program, pointing to its commitment to enhancing shareholder value.

A $100M Buyback? Sharps Technology Thinks It’s Worth It

The medical device company, listed on Nasdaq under STSS, said it will repurchase up to $100 million worth of its common stock through open market and negotiated transactions. The move signals confidence in its own long-term growth and a determination to keep investors happy.

This isn’t Sharps’ first flex in 2025. The company recently revealed it had scooped up more than 2 million SOL as part of a flashy new Solana-focused digital asset treasury (DAT) strategy.

In plain English: Sharps Technology is treating Solana like a corporate savings account, banking on the blockchain’s yield opportunities to juice future growth. The real question: bold strategy or expensive magic trick?

Management framed the buyback as a shareholder-friendly tactic designed to enhance value, while critics might see it as a risky cocktail when paired with volatile SOL exposure. Either way, the message is clear: Sharps isn’t afraid to blend traditional financial (TradFi) engineering with onchain experimentation.

For now, Sharps Technology’s playbook is part Wall Street, part Web3. With a $100 million buyback on deck and a solana stash already in hand, the company is betting that mixing old-school buybacks with crypto bravado is the formula to keep shareholders hooked.