Sharps Technology Stock Soars on $400M Solana Treasury Plan

Shares of Sharps Technology experienced a dramatic surge, nearly doubling on Monday following an announcement regarding a $400 million treasury plan involving Solana’s native token. The company signed a letter of intent with the Solana Foundation to buy SOL tokens via a private investment in public equity (PIPE) deal. This transaction will see Sharps acquire $50 million worth of SOL tokens at a 15% discount to their 30-day average price. The deal is expected to close on or around August 28th.