US Stock Sharps Technology Plans to Raise $400 Million to Establish World's Largest SOL Treasury

On August 25th, as per prnewswire, the U.S.-listed company Sharps Technology, Inc. (STSS) announced that it is conducting a $400 million financing. This financing will support the company's digital asset treasury strategy, which is based on holding SOL, the native asset of the Solana blockchain. The investors include ParaFi, Pantera, Monarq, FalconX, Phoenix Capital, Bastion Trading, RockawayX, Syncracy, Borderless, Republic Digital, Arche Capital, CoinFund, Arrington Capital, Quantstamp, CoinList Alpha, Primitive Ventures, Avenir, Hypersphere, and others. The newly appointed Chief Investment Officer and Director, Alice Zhang, stated: "Solana has set a new standard for digital infrastructure. It provides a high-throughput, low-cost, and real-time settlement layer for various asset classes such as blue-chip stocks, bonds, and private equity assets. With its vision of 'building a globally unified tradable asset market' continuously gaining institutional support, the global adoption of the Solana ecosystem is accelerating. Now is the perfect time to establish a SOL digital asset treasury strategy. Our team is not only deeply integrated with the Solana ecosystem but also has successful founders' experience in scaling institutional-grade digital asset platforms, laying a solid foundation for the company's success."