Sharps Technology, Inc. (NASDAQ: STSS/STSSW), a company that makes medical devices and packages pharmaceuticals, has announced a $400 million private placement to create the world’s largest Solana (SOL) digital asset treasury. This is a huge step forward for corporate finance. This bold move, which was finalized in late August 2025, marks a big change from the company’s traditional roots and makes it a leader in using blockchain technology in business strategy.
A Strategic Jump into Blockchain
Sharps Technology, which is known for making safe syringes, has raised more than $400 million through a private investment in public equity (PIPE) offering. If all of the associated warrants are exercised, the company could raise up to $1 billion. The money will mostly be used to buy SOL, the native token of the Solana blockchain, on the open market and through a strategic deal with the Solana Foundation. Sharps will buy $50 million worth of SOL at a 15% discount to the 30-day time-weighted average price under a non-binding letter of intent (LOI). This is a cheap way for Sharps to get into the asset.
A group of big institutional investors, such as ParaFi, Pantera Capital, Monarq, FalconX, CoinFund, and Arrington Capital, among others, took part in the deal, which closed on August 28, 2025. This strong support shows that institutions are becoming more confident in Solana’s ability to scale, be fast, and change the way money works around the world.
Why Solana?
Solana is now one of the best blockchains because it can handle more than 65,000 transactions per second and has low-cost, high-throughput transactions. Solana has a strong case for institutional adoption because it made $1.3 billion from apps in the first half of 2025, has a daily trading volume of $6 billion, and a staking yield of about 7–8%. Solana’s infrastructure is better for settling a wide range of assets in real time, from stocks to tokenized real-world assets (RWAs). This is different from Bitcoin’s passive appreciation model or Ethereum’s developer-heavy ecosystem.
Alice Zhang, Sharps’ new Chief Investment Officer and a co-founder of the Solana-backed project Jambo, talked about how unique the blockchain is: “Solana sets the standard for digital infrastructure by providing a high-throughput, low-cost, real-time settlement layer for everything from blue-chip stocks to bonds to private assets.” She went on to say that now is the perfect time to set up a digital asset treasury strategy because Solana’s ecosystem is becoming more popular around the world.
James Zhang, who is also a co-founder of Jambo and a well-known member of the Solana community, has been named a strategic advisor. He called Solana “the next evolution in global finance” because it is the best blockchain for staking yields, chain revenue, and app revenue.
A big change for Sharps
Sharps Technology has had to deal with pressure from Nasdaq to follow the rules and problems with cash flow in the past few years. This move is a big change for the company. Sharps wants to use Solana’s institutional-grade infrastructure and staking yields to make steady returns as a Solana-focused digital asset manager. This could mean that they make more money than traditional corporate treasuries. In premarket trading, the company’s stock shot up more than 50% to $11.34, reaching a high of $14.53, showing that the market was very excited.
The PIPE offering was set up so that each unit cost $6.50. This included common stock and stapled warrants that could be exercised for $9.75 over three years. Investors who buy things with SOL tokens will get pre-funded warrants, which will make the company’s equity structure even more like Solana’s success. The money will also be used for working capital and other business needs, so Sharps’ main medical device operations won’t be affected.
Risks and Rewards
The strategy has gotten people excited, but it also comes with risks. Charles Schwab and other analysts have raised concerns about companies putting a lot of their reserves into digital assets that are known to be volatile. This is especially true for companies like Sharps that have never had consistent earnings before. If SOL’s price drops quickly, it could hurt Sharps’ balance sheet, and investors are in uncharted waters because there aren’t any Wall Street analysts covering the stock. Shareholders are also worried about dilution from future share issuances.
But the possible rewards are very high. The Solana ecosystem is growing at an incredible rate. In 2024 alone, more than 7,500 new developers will join, and real-world assets (RWAs) will be worth more than $488 million. The REX-Osprey Solana Staking ETF (SSK) has pulled in $100 million in assets under management, which shows that institutions are getting behind it. Sharps can make money passively by staking and using DeFi protocols, and it bought SOL at a discount, which puts it in a good position to take advantage of Solana’s upward trend.
A New Time for Business Treasuries
The $400 million Solana treasury project from Sharps Technology is part of a larger trend of public companies adopting digital asset treasuries, following the lead of Bitcoin-focused companies like MicroStrategy. But things are getting more competitive. Reports say that Galaxy Digital, Multicoin Capital, and Jump Crypto are all trying to raise $1 billion for their own Solana treasury project.
As Solana becomes more popular as a scalable, institutional-grade blockchain, Sharps’ bold bet could show other companies how to add digital assets to their balance sheets. Paul K. Danner, Executive Chairman of Sharps Technology, said, “This deal lays the groundwork for what we see as a once-in-a-lifetime chance.” “We have a lot of money and a lot of experience, which lets us follow a unique plan that will create real, long-term value for our shareholders.”
Sharps Technology is ready to change the way businesses handle money in a world where crypto is the main currency. The company has a team that is deeply involved in the Solana ecosystem and works with top asset managers. We don’t know yet if this change will make Solana a key part of institutional finance or serve as a warning, but one thing is clear: Sharps is riding the wave of blockchain’s next big change.
