Sharps Technology Stock Soars Over 50% After $400 Million Solana Treasury Bet
Posted On August 25, 2025
Sharps Technology Inc. (NASDAQ:STSS) shares skyrocketed on Monday after the company announced it will raise more than $400 million through a private placement to fund a digital asset treasury anchored by Solana (CRYPTO: SOL/USD), the native token of the Solana blockchain.
The transaction, structured as a private investment in public equity at $6.50 per unit, includes warrants exercisable at $9.75 for three years. The offering is expected to close around Aug. 28, 2025, with backing from ParaFi, Pantera, FalconX, and Republic Digital.
Alice Zhang, the company’s new chief investment officer, said Solana’s high-speed, low-cost …
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