Sharps Technology Invests $400 Million for World’s Largest Solana Treasury!

Updated

August 27, 2025

Gambar Sharps Technology Invests $400 Million for World’s Largest Solana Treasury!

Jakarta, Pintu News – Sharps Technology, a US-based medical device manufacturing company, recently announced an ambitious plan to raise $400 million in funding.

The funds will be used to establish a Solana-based digital treasury , which will be the largest in the world. The move marks a significant strategic shift from their previous core business of pharmaceutical packaging sales.

Check out the full information in this article!

Sharps Digital Treasury Strategy

Sharps Technology plans to acquire the majority of Solana (SOL) through the open market, with an additional $50 million purchase of Solana (SOL) at a 15% discount through collaboration with the Solana Foundation.

PIPE investors backing the transaction include Pantera, ParaFi, and Monarq, demonstrating strong institutional confidence in Solana (SOL). Each unit of the offering consists of common shares and warrants tied at $6.50, which are exercisable at $9.75 within three years.

The transaction is scheduled to close on or before August 28, 2025, on the usual terms and conditions. Sharps’ leadership attributes Solana’s (SOL) speed, scalability, and institutional acceptance as the primary reasons for this attention: over 9 billion transactions per quarter, over $6 billion in daily volume, millions of active wallets, and a staking return of approximately 7%.

Also read: Strategy adds $356.9 million worth of BTC holdings as price drops to $112,000!

Market Reaction and Risk Analysis

This announcement caused Sharps Technology’s share value to nearly double, with a 96% rise to $14.53 at its peak in a day. Despite warnings from some analysts about the risks of moving large reserves into volatile digital assets, Sharps Technology is confident that the pivot to crypto will strengthen their long-term prospects.

With experienced executives and growing institutional backing, the company gambled that the Solana treasury (SOL) would deliver more substantial returns than traditional reserves.

However, not all analysts agree with this optimism. Charles Schwab, in a recent investor education video, warned that companies moving large reserves into digital assets outside of their core business “have raised a red flag or two”. Nonetheless, Sharps Technology remains optimistic about their decision.

Also read: John Wang Leads Prediction Market Revolution with Crypto Strategy at Kalshi!

Competition and Institutional Trends

Sharps Technology’s move follows in the footsteps of other institutional players such as Galaxy Digital and Jump Crypto who are also exploring opening Solana (SOL) treasuries.

Sharps’ $400 million SOL program demonstrates a growing shift towards corporate digital asset treasuries and could put Solana (SOL) on the same level as Bitcoin and Ethereum as the leading blockchain for institutional finance.

In addition, Sharps Technology has appointed Alice Zhang, co-founder of Web3 startup Jambo, as chief investment officer to lead this treasury pivot. James Zhang, a leading figure in the Solana (SOL) community, will also act as a strategic advisor, adding more expertise in the Solana (SOL) ecosystem to the Sharps team.

Conclusion

With this big move, Sharps Technology is not only changing the focus of its business, but also potentially changing the way companies in other sectors see and use blockchain and digital assets. Their success in implementing this digital treasury strategy could set an example for many other companies to follow suit.

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