The dynamic developments surrounding Solana highlight a series of substantial financial initiatives aiming to bolster its ecosystem. Sharps Technology has unveiled a significant stock repurchase program valued at up to $100 million, aligning this move with plans to enhance Solana‑focused treasury assets. Concurrently, REX Shares’ Solana Staking ETF, SSK, has achieved a notable milestone, with its assets under management (AUM) peaking at $382 million. Meanwhile, VisionSys announced its ambitious $2 billion Solana treasury strategy, reinforcing the ongoing momentum within the platform.
Sharps Technology’s Buyback Program
Sharps Technology’s program authorizes open market and privately negotiated repurchases of common stock up to $100 million. This initiative aims to enhance liquidity and create shareholder value by providing flexibility in capital distribution. The stock buyback is set to unfold gradually, contingent on prevailing market conditions.
The company recently disclosed it holds over 2 million Solana tokens, with its investment portfolio exceeding $400 million. Solana has taken a primary position in Sharps’ balance sheet. The management plans to direct a portion of its SOL holdings into liquid staking via BonkSOL, aiming to reap returns from blockchain‑based rewards and augment the network’s liquidity.
Additionally, VisionSys has rolled out its $2 billion Solana treasury program, with an initial phase targeting $500 million in SOL purchases and staking within six months. This strategy is built on fortifying corporate balance sheets and generating long‑term value for investors.
SSK ETF’s AUM Surpasses $380 Million
Meanwhile, the United States’ first ETF, SSK, trading on Cboe BZX and blending spot SOL investments with blockchain rewards, has seen its AUM rise past $380 million. The ETF had already surpassed the $250 million AUM mark within two months of its launch.
The ETF’s manager, REX‑Osprey, has integrated the ecosystem’s leading liquid stake token, JitoSOL, into the fund. This integration allows flexibility in trading via exchanges while benefiting from staking yields. Liquidity management and yield transfer are delivered under the same structure.
REX‑Osprey has also recently launched an Ethereum‑focused ESK staking ETF, offering investors a model that combines spot ETH investment with the distribution of actual blockchain staking revenues. This offering enhances investors’ exposure to Ethereum while maintaining a focus on real‑world staking income generation directly from blockchain activities.