Sharps Technology Secures $400 Million for Solana Treasury Expansion

Sharps Technology, a company known for its innovations in medical safety syringes, has secured a $400 million PIPE financing round to establish the world’s largest Solana (SOL) treasury. This funding will fuel the development of innovative blockchain applications using the Solana ecosystem. Leading crypto investment firms including ParaFi Capital, Pantera Capital, and Monarq Investment Partners joined the round. The company’s strategic shift into the Solana space aligns with its long-term vision to integrate Web3 technologies into healthcare solutions.