Solana Company announced a new $100 million stock buyback program to repurchase its Nasdaq-listed shares through open-market and private transactions.
Executive Chairman Joseph Chee said the initiative is designed to increase SOL-per-share accumulation and deliver long-term value to shareholders.
The company recently bought 100,000 SOL, worth about $20 million, bringing its total Solana token holdings to 2.3 million. Solana shares were trading at $4.79, down over 70% in the past month.
The firm, formerly Helius Medical Technologies, joins a growing list of digital asset treasuries conducting share buybacks to narrow NAV discounts.
Chee emphasized Solana Company’s focus on capital efficiency and transparency. Earlier this week, Pantera Capital General Partner Cosmo Jiang joined the company’s board.
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