Sharps Technology Secures $400 Million to Build Largest Solana Treasury

Medical device maker Sharps Technology has announced plans to raise $400 million through a private investment in public equity (PIPE) offering. This funding will be used to establish the world’s largest Solana (SOL) treasury, driven by a strategic shift from pharmaceutical packaging to digital asset investments. 💰 The majority of the SOL will be purchased on the open market with an additional $50 million acquisition through a collaboration with the Solana Foundation at a 15% discount. 🤝 PIPE investors include Pantera, ParaFi, and Monarq, reflecting strong institutional confidence in Solana.