Sharps Technology's Big Bet on Solana

Sharps Technology Inc. saw its stock prices jump on a Monday. This happened after they shared some big news. They plan to raise over $400 million. They will do this through a private deal. The deal is set at $6. 50 per unit. It includes options to buy more at $9. 75 for the next three years. The deal is expected to wrap up by August 28, 2025. Big names in finance are backing this move. ParaFi, Pantera, FalconX, and Republic Digital are among them. Alice Zhang, the new chief investment officer, thinks Solana is a great choice. She likes its fast and cheap services. Paul K. Danner, the executive chairman, believes Sharps can become a leader in Solana investments. James Zhang, a key figure in Solana, is also joining as an adviser. He sees Solana as the future of global finance. He points to its high returns, revenue, and transaction volumes. Sharps plans to use the money to buy Solana tokens. They will also build a treasury and cover other company needs. They have a deal with the Solana Foundation. The foundation will sell $50 million worth of Solana at a discount. Solana is growing fast. It has over 7, 500 new developers in 2024. It made $1. 3 billion in app revenue in the first half of 2025. It also has $6 billion in daily trading. This makes it one of the most liquid digital assets. Sharps' stock prices went up by 54. 18%. They were trading at $11. 34 before the market opened on Monday.