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Shares of Sharps Technology surged amid the initiative to create a $400 million SOL treasury

According to BlockBeats, the share price of Sharps Technology, Inc. (STSS), a publicly traded company on the US stock market, rose by 55% during intraday trading, reaching $11.4. This increase followed the announcement of a $400 million fundraising effort to establish a SOL treasury. Trading volume reached $151 million, and the turnover ratio was 1269.12%, with the company's market capitalization currently estimated at $11.67 million.

Earlier, BlockBeats reported that Sharps Technology, Inc. is undertaking this significant fundraising initiative to support its strategy of creating a digital asset treasury based on the native asset of the Solana blockchain, SOL.