Home Solana Company Approves Share Buyback Plan For Up To $100M

Solana Company Approves Share Buyback Plan For Up To $100M

Share
Solana Company Approves Share Buyback Plan | 3verseTV
Share

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.

Share
Written by
Vishakha Thakur -

Vishakha Thakur is a news anchor at 3.0 TV with five years of experience in journalism, specializing in crypto and Web3 for over three years. She hosts popular weekly shows like AI Coins and ETF Watch Crypto Edition and has a deep understanding of the Web3 ecosystem, including Blockchain, Crypto ETFs, Metaverse, NFTs, Meme coins and Digital Assets. Vishakha has reported from major events including Crypto Expo Dubai and Money Expo Mumbai and has interviewed more than 50 industry leaders, such as Eric Balchunas and James Seyffart from Bloomberg, along with experts from CoinShares and Standard Chartered. Before 3.0 TV, she worked with TSR Digital TV in Himachal Pradesh and BalleBolly Magazine in Chandigarh, India’s first English print magazine for the Punjabi film and music industry, where she anchored interviews and wrote feature articles. Hailing from Himachal Pradesh, Vishakha is a gold medalist in Journalism and Mass Communication and is passionate about making complex digital finance topics clear and accessible through careful research and insightful reporting.

Leave a comment

Leave a Reply

Latest News

Securitize Eyes $400M Public Debut Through SPAC Merger
News

Securitize Eyes $400M Public Debut Through SPAC Merger

Tokenization platform Securitize expects to raise approximately $400M through its upcoming public listing via a merger with Cantor Equity Partners II after...

Thailand Proposes New Crypto Travel Rule For Wallet Verification
News

Thailand Proposes New Crypto Travel Rule For Wallet Verification

Thailand’s Securities and Exchange Commission has opened a public consultation on proposed Crypto Travel Rule regulations that would require digital asset service...

Bitcoin ETFs Extend Outflows To Seventh Straight Week
News

Bitcoin ETFs Extend Outflows To Seventh Straight Week

U.S. spot Bitcoin ETFs recorded $1.79B in net outflows during the week ending June 26, extending their losing streak to seven consecutive...

Kraken's FIFA Partnership Gains Spotlight As England Tops Group
News

Kraken’s FIFA Partnership Gains Spotlight As England Tops Group

England secured the top spot in Group L after defeating Panama 2-0 to qualify for the knockout stage of the 2026 FIFA...

Latest Blogs

Pair Rotation Playbook: When & How To Rotate Capital From Bitcoin To High-conviction Altcoins

Bitcoin (BTC) often starts the bull market. It gets attention, money and interest. Markets do not keep going up forever. After Bitcoin...

Using AI To Find Hidden-gem Crypto Projects In 2026

Are you a crypto market investor? Then, you might agree that one of the biggest problems for crypto investors today is finding...

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days because of the ease of launching them, the scope of...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early 2023, reaching $33.78 billion in May 2026? That’s quite big,...

Related Articles

Pair Rotation Playbook: When & How To Rotate Capital From Bitcoin To High-conviction Altcoins

Bitcoin (BTC) often starts the bull market. It gets attention, money and...

Using AI To Find Hidden-gem Crypto Projects In 2026

Are you a crypto market investor? Then, you might agree that one...

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early...