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The medical equipment company STSS has hoarded 2 million SOL in its treasury, earning 17.7 million dollars in Q3 from staking.

[BitPush] The US medical device company Sharps Technology ( STSS ) has just released an interesting Q3 report - this company, which originally focused on the syringe business, has now completely transformed into a heavy position player in SOL.

First, let's talk about money. They raised $411 million through PIPE financing, of which $267 million is in cash and stablecoins, and the remaining $144 million is directly in SOL tokens. As of the end of October, the company's treasury has hoarded over 2 million SOL.

In the three months of Q3, relying solely on staking rewards and unrealized gains from digital assets, STSS earned 17.7 million USD. The liquidity on hand is also decent, with cash and stablecoins totaling 25.2 million at the end of September.

Chairman Paul K. Danner said it quite frankly: using Solana for financial strategy in conjunction with this round of financing has given the company the strongest balance sheet in history. They have completely bid farewell to traditional syringe manufacturing, and are now focused on two things – medical equipment distribution and squeezing the value out of the SOL treasury.

A medical company all in SOL, this approach is indeed quite wild.

SOL-4.86%
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¯\_(ツ)_/¯vip
· 10h ago
2 million SOL stored up, earning 17.7 million in Q3, this company is really all in on SOL... turning from a long wick candle to a large investor in the crypto world, this shift is quite remarkable.
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AirdropHarvestervip
· 10h ago
2 million SOL? This company is really going all in, going straight from long wick candle to Coin Hoarding in SOL, the turnaround speed is amazing.
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BearMarketSunriservip
· 11h ago
Wow, from selling syringes to becoming a SOL Coin Hoarding hero? This transformation is a bit intense, the market is really going crazy.
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AlphaLeakervip
· 11h ago
Wow, from selling syringes to hoarding 2 million SOL, this turnaround is just too wild. 17.7 million dollars in staking rewards in just three months, is this really playing or gambling?
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