Sharps Technology Stock Soars Following $400 Million SOL Treasury Bid

Shares in Sharps Technology, Inc. (STSS) surged by 55% on intraday trading, reaching $11.4 per share following the company’s announcement of a $400 million fundraising plan to establish a Solana (SOL) treasury. The surge was fueled by strong trading volume totaling $151 million and a turnover rate of 1269.12%, resulting in a current market capitalization of $11.67 million. Earlier this year, Sharps Technology Inc. unveiled plans to build a digital asset treasury centered around the SOL blockchain’s native token.