Sharps Technology, a Nasdaq-listed medical device company with growing exposure to digital assets, has announced plans to repurchase up to $100 million of its outstanding common stock. The company, which earlier this year revealed ambitions to build one of the largest Solana-based digital asset treasuries, continues to blend traditional finance strategies with blockchain-driven investment. According to the press release , the new stock repurchase program will enable the company to repurchase its shares in the open market and in negotiated transactions, reinforcing confidence in both its business model and digital holdings. Expanding Solana Exposure In August, Sharps Technology launched a $400 million private investment in public equity deal to fund its treasury strategy. The company disclosed that it holds about 2 million SOL, currently valued at nearly $448 million. That holding positions the firm as one of the largest corporate owners of Solana. Furthermore, Sharps recently partnered with Crypto.com to leverage institutional-grade custody solutions, underscoring its commitment to safeguarding assets while maximizing long-term flexibility. Sharps is not alone in this approach. DeFi Development also recently expanded its own stock buyback program to $100 million, signaling broader adoption of digital asset treasury strategies. Such moves reflect a growing trend where companies integrate blockchain assets into their corporate balance sheets while simultaneously pursuing traditional financial maneuvers to strengthen investor trust. Solana’s Market Momentum Solana’s recent price performance has added weight to these strategies. The cryptocurrency traded around $232 , with a market capitalization of more than $126 billion. Its price has climbed over 16% the past week, fueled by strong technical patterns. Analysts note that SOL has established a series of rounded bottoms followed by rallies, creating a predictable bullish rhythm. According to FOUR | Crypto Spaces, the token has posted three major surges ranging from 54% to 73%. Each rally started after a consolidation phase, reinforcing the idea of accumulation before breakout. The latest rebound from $200 support has reignited expectations for a move toward $300, a key resistance level highlighted on technical charts. Pullback and Rally Structure Trader Tardigrade points out that Solana’s daily chart mirrors a recurring pullback-and-run cycle. The cryptocurrency has consistently retraced about 24% before resuming its upward path. Source: X This time, the pullback bottomed around $188–$196 before SOL rallied again. With momentum building above $225 , traders now eye the $280 to $300 zone as the next upside target. A sustained breakout could even open the door toward $320 and $340.
