174% Rally: Nasdaq-Listed Company Aims for Record-Breaking Solana Holdings
Shares of Sharps Technology (Nasdaq: STSS) surged as much as 174%. After the company announced plans to raise over $400 million through a private placement to build one of the largest Solana (SOL) treasuries on the market.
The deal, involving major crypto investors like Pantera and ParaFi. Allows share purchases at $6.50 with warrants exercisable at $9.75. And is expected to close on August 28.Sharps said it will use the proceeds to acquire SOL on the open market and establish treasury operations. While also signing a letter of intent with the Solana Foundation to buy $50 million of SOL at a 15% discount. Newly appointed CIO Alice Zhang called the move timely, citing accelerating global adoption of Solana’s ecosystem. And the company’s goal of positioning itself as a leader in institutional digital asset strategies.
Clever Robot News Desk 27th August 2025
