Sharps Technology, Inc. Announces over $400 Million Private Placement seeking to Establish the Largest Solana Digital Asset Treasury Strategy

Investment and Partnerships: Sharps Technology, Inc. has announced a private placement offering supported by major financial institutions and digital asset leaders to adopt a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain.

Solana's Market Position: Solana is recognized as the fastest and most utilized public blockchain, processing more transactions and generating higher on-chain fee revenue than all other blockchains combined, with significant institutional support for its ecosystem.

Treasury Strategy and Leadership: The company aims to establish a SOL treasury with a team experienced in the Solana ecosystem, led by newly appointed Chief Investment Officer Alice Zhang and strategic advisor James Zhang, who will collaborate with top-tier asset managers.

PIPE Transaction Details: The offering involves over $400 million in a private investment in public equity (PIPE) transaction, expected to close around August 28, 2025, with proceeds primarily used for acquiring SOL and establishing treasury operations.