Solana ($229) has captured attention with a wave of high-value financial initiatives designed to strengthen its ecosystem. Sharps Technology announced a major $100 million share buyback program, aligning its capital strategy with growing Solana-focused treasury assets. At the same time, REX Shares’ Solana Staking ETF (SSK) reached a milestone of $382 million in assets under management (AUM), while VisionSys unveiled an ambitious $2 billion Solana treasury plan to accelerate adoption and long-term growth.
Sharps Technology’s buyback plan authorizes up to $100 million in common stock repurchases, both on open markets and through private transactions. The company, which already holds more than 2 million SOL tokens valued at over $400 million, is set to allocate part of its Solana holdings into liquid staking via BonkSOL. This strategy aims to generate blockchain-based rewards while enhancing network liquidity. VisionSys’ treasury initiative will begin with a $500 million phase dedicated to purchasing and staking SOL over the next six months, underscoring its commitment to corporate balance sheet strength and sustained investor value.
Meanwhile, the SSK ETF, listed on the Cboe BZX, surpassed $380 million AUM by integrating JitoSOL, Solana’s leading liquid staking token, into its portfolio. This move combines exchange-traded flexibility with staking yields, creating an innovative structure for investors seeking both liquidity and on-chain rewards. REX-Osprey, the ETF’s manager, has also expanded into Ethereum through its ESK staking ETF, which merges direct ETH exposure with real-world staking revenue distribution.
Together, these developments highlight Solana’s growing role in institutional strategies, reinforcing confidence in its ecosystem and signaling potential for continued expansion in blockchain finance.