Sharps Technology raises $400 million to buy Solana

The medical device company #SharpsTechnology listed on Nasdaq has announced a bold strategic shift: raising $400 million to buy Solana (SOL). This news has caused the company's stock price (STSS) to soar over 40% in Monday's trading session.

Solana treasury strategy

Sharps Technology has become the latest public company to join the "crypto treasury" trend, bringing digital assets onto the balance sheet in search of higher returns for shareholders. Alice Zhang, the company's newly appointed Chief Investment Officer, stated that this is the "right time to establish a digital asset treasury strategy with $SOL ," based on growing global acceptance and institutional support for the Solana ecosystem.

Positive signals for the market

Sharps Technology's move, along with news of a $1 billion Solana treasury fund being planned by three major firms Galaxy Digital, Jump Crypto, and Multicoin Capital, indicates increasing institutional interest in SOL. The price of SOL has seen significant growth in recent years due to low costs and high transaction speeds, attracting many developers and large companies like Visa to utilize this network. Although Solana has decreased by 6% in the past 24 hours, investment moves from companies such as #anhbacong