Sharps Technology intends to have nearly half a million(400M) digital asset treasury focused on Solana, representing a significant shift into blockchain assets.
Sharps Technology, Inc. has raised more than 400 million dollars in a private placement to finance a novel Solana-centered digital asset treasury plan.
The capital raise is aimed at building the biggest treasury of the Solana blockchain native token SOL, the public blockchain fastest and most used in the world.
The Emergence of Solana Cannot Be Ignored
Solana has the highest throughput of transactions and highest revenues from apps, making over 100 million transactions compared to all other blockchains combined.
Its ecosystem expands very fast with 7,500 or more new developers in 2024 and app revenues of 1.3 billion dollars so far. Solana has a competitive staking yield of about 7% that is second to none of the top blockchains.
Sharps Technology new CIO Alice Zhang said the time is right to adopt Solana vision of a cohesive global market of tradable assets, which is backed by institutional momentum, with a highly functional digital asset-native advisory team.
Strategic Private Placement Details Spark Curiosity
The offering had a price of every unit to be 6.50 dollars which included the common stock and stapled warrants which could be exercised in three years of 9.75 dollars per share.
Investors investing with the SOL tokens are provided with pre-funded warrants, which can be exercised after approval by the stockholders.
The firm stands to gain as much as $1 billion from any one of these possibilities. Along with Sharp’s purchasing plan, the Solana Foundation’s nonbinding Letter of Intent guarantees the purchase of 50 million SOL at a discount of 15%.
The sale was finalized in the approximate of August 28, 2025, supported by large digital asset companies such as ParaFi, Pantera and Monarq, making the company a possible leader of the SOL treasury.
Digitalizing Corporate Treasury
Sharps Executive Chairman Paul K. Danner also pointed to their digital asset-native advisory capability and strategic alliances.
It is planned to utilize the proceeds to purchase SOL in the open market, initiate treasury operations and facilitate corporate operations.
The move will be a major strategic change of their traditional business of medical devices into an institutional vehicle of Solana exposure.
The liquidity, trading volume, and active wallet numbers unparalleled by Solana speak of the possible long-term value drivers to the shareholders of Sharps.
Sharps is joined as strategic advisor by James Zhang, co-founder of Jambo, a major Solana advocate. He also aspires to help strengthen Sharp’s presence in the Solana ecosystem by working closely with the best asset managers.
The firm is in line with a vision that is supported by the highest level of investors and institutional digital asset management pioneering.
