Sharps Technology soars after over $400 million raise to hoard crypto token Solana
ReutersAug 25, 2025 3:49 PM
Medical device and pharmaceutical packaging firm Sharps Technology's STSS.O shares jump as much as 80.6%; last up 53.2% at $11.27
STSS announces over $400 million private placement to hoard crypto token Solana
Investors such as asset managers Monarq, ParaFi, and Pantera participated in the transaction
"Global adoption of Solana's ecosystem is accelerating as it continues to receive institutional support for its vision of a single global market for every tradeable asset, making now the right time to establish a digital asset treasury strategy with SOL," says STSS' newly appointed chief investment officer Alice Zhang
Solana is the sixth-biggest crypto token globally, according to data from CoinGecko
As of last close, STSS shares down 98.8% YTD
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