{"id":8787,"date":"2025-08-25T17:27:12","date_gmt":"2025-08-25T17:27:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sharps-technology-raises-400m-to-launch-solana-treasury\/"},"modified":"2025-08-25T17:27:20","modified_gmt":"2025-08-25T17:27:20","slug":"sharps-technology-raises-400m-to-launch-solana-treasury","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sharps-technology-raises-400m-to-launch-solana-treasury\/","title":{"rendered":"Sharps Technology raises $400M+ to launch Solana treasury"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Sharps Technology, once a medical device and pharmaceutical firm, pivots to become a Solana treasury firm. <\/p>\n<div id=\"cn-block-summary-block_4b2297b8984d09c0b19383b5f23699ef\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sharps Technology announced a PIPE deal to buy $400M in Solana<\/li>\n<li>A list of major institutions is backing the Sharps Technology deal<\/li>\n<li>Firm lauds Solana\u2019s staking yields and strong DeFi ecosystem<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Solana (SOL) continues to get attention among traditional investors. On Monday, August 25, Sharps Technology, a publicly traded company on the Nasdaq, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/sharps-technology-inc-announces-over-400-million-private-placement-seeking-to-establish-the-largest-solana-digital-asset-treasury-strategy-302537587.html?tc=eml_cleartime\" target=\"_blank\">announced<\/a> it is raising $400 million in a private placement. <\/p>\n<p>The deal will follow the pattern of a private placement in public equity, as Sharps Technology stock is publicly traded. Namely, the company is raising capital by selling shares to a group of institutional backers, including Pantera Capital, ParaFi, FalconX, and Phoenix Capital. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSolana is internet capital markets, the next evolution in global finance,\u201d Zhang said. \u201cSolana is #1 in staking yield, chain revenue, and app revenue amongst all major blockchains. We believe creating a digital asset treasury will generate significant long-term value for Sharps Technology\u2019s shareholders, James Zhang, strategic advisor to Sharps Technology said. <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Sharps Technology pivots from medical devices to Solana <\/h2>\n<p>The Company\u2019s newly appointed Chief Investment Officer and Board member, Alice Zhang, stated that the decision to back Solana comes from the network\u2019s performance. Namely, Solana offers low-cost settlements for a broad range of use cases, which is attractive to institutions. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGlobal adoption of Solana\u2019s ecosystem is accelerating as it continues to receive institutional support for its vision of a single global market for every tradeable asset, making now the right time to establish a digital asset treasury strategy with SOL. We will have a team with deep ties to the Solana ecosystem and proven founder-level experience in scaling institutional digital asset platforms, which we believe will set the Company up for success,\u201d Alice Zhang, Sharps Technology. <\/p>\n<\/blockquote>\n<p>Sharps Technology, a medical device and pharmaceutical packaging firm, is just one of the companies that is pivoting to become a treasury firm. On the same day of its pivot, Galaxy, Jump, and Multicoin have teamed up to buy $1 billion of Solana tokens. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sharps Technology, once a medical device and pharmaceutical firm, pivots to become a Solana treasury firm. Summary Sharps Technology announced a PIPE deal to buy $400M in Solana A list&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8787"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8787\/revisions"}],"predecessor-version":[{"id":8789,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8787\/revisions\/8789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8788"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}