Sharps Tech's 40.72% Surge Driven by $400M Solana Treasury Push as Stock Ranks 297th in Market Activity

Sharps Technology (STSS) surged 40.72% on Aug. 25, 2025, with a trading volume of $300 million, ranking 297th in market activity. The stock’s sharp rise followed the company’s announcement of a $400 million private placement to establish a digital asset treasury focused on Solana (SOL). The offering, priced at $6.50 per unit, includes warrants exercisable at $9.75 over three years, with closing expected by Aug. 28.

The move positions Sharps to accumulate SOL through open-market purchases and treasury operations. Key investors in the deal include ParaFi, Pantera, FalconX, and Republic Digital. Alice Zhang, newly appointed CIO, emphasized Solana’s high-speed, low-cost infrastructure as a catalyst for global adoption. James Zhang, a strategic advisor, highlighted Solana’s leadership in staking yields, chain revenue, and transaction volume, calling it “the next evolution in global finance.”

The company signed a non-binding agreement with the Solana Foundation, which will sell $50 million of SOL at a 15% discount tied to the offering’s terms. Solana’s ecosystem has attracted 7,500+ new developers in 2024, generated $1.3 billion in app revenue in H1 2025, and maintains $6 billion in daily trading volume, underscoring its appeal as a high-liquidity asset. Sharps aims to leverage institutional-grade partnerships and a team with deep Solana expertise to scale its treasury strategy.

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