Sharps Technology Shares Jump 40% Following $400M Shift to Solana

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SOL-0.717%

ALICE-2.957%

Source: Coinmarketcap

Updated: Aug 26 2025

Sharps Technology Stock Surge: Sharps Technology's shares rose over 40% to $10.35 following the announcement of a $400 million private placement aimed at purchasing Solana, with a peak price of $13.28 during trading.
New Leadership for Digital Assets: The company appointed Alice Zhang as chief investment officer to spearhead its digital asset treasury strategy, highlighting Solana's growing global adoption and institutional backing.
Trend in Corporate Crypto Adoption: Sharps Technology is part of a rising trend among publicly traded companies adopting cryptocurrency treasury strategies, similar to MicroStrategy's approach with Bitcoin.
Investment Interest in Solana: Crypto firms like Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly looking to establish a $1 billion treasury fund specifically for acquiring and holding Solana tokens.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Sharps Technology Shares Jump 40% Following $400M Shift to Solana

About the author

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