Public company Sharps Technology raises $400 million through PIPE financing to布局 Solana ecosystem, stock price big pump 50% | Institutional-level Crypto Assets allocation becomes a new trend

Nasdaq-listed healthcare company Sharps Technology announced that it has secured over $400 million in PIPE private sale financing to build a digital asset treasury centered around Solana (SOL). The company has signed a $50 million SOL discount purchase intention letter with the Solana Foundation, which has stimulated the stock price to rise over 50% in pre-market trading. This move marks the official entry of traditional healthcare companies into the Crypto Assets sector, and the Solana ecosystem has gained another significant institutional endorsement.

[Financing Details and Transaction Structure]

Sharps Technology (stock code: STSS), focusing on safe injection systems, has raised over $400 million through a private equity financing (PIPE). According to the announcement, the deal includes a combination unit of common stock, pre-financing warrants, and bound warrants, priced at $6.50 per share. The exercise price of the bound warrants is $9.75 (a premium of 150%), with a validity period of three years. Notably, investors can use SOL tokens in either locked or unlocked status to participate in the subscription, providing a new investment channel for cryptocurrency holders. The transaction is expected to be completed around August 28, 2025, with Cantor Fitzgerald serving as the lead underwriter.

[Solana ecosystem strategic cooperation]

The company has signed a non-binding letter of intent with the Solana Foundation registered in Zug, Switzerland, to purchase $50 million worth of SOL tokens at a 15% discount based on the 30-day weighted average price. The newly appointed Chief Investment Officer, Alice Zhang, stated: “Solana defines the standard for digital infrastructure, providing a high-throughput, low-cost real-time settlement layer for blue-chip stocks, bonds, and private sale assets.” The company also appointed James Zhang, co-founder of the well-known Solana ecosystem project Jambo, as an advisor, and will collaborate with crypto asset management institutions such as Monarq, ParaFi, and Pantera to jointly manage its digital asset treasury.

[Market Reaction and Price Performance]

After the news was announced, the stock price of STSS surged to $11.90 in pre-market trading, with a daily increase of 4.4%. Meanwhile, Solana’s native token SOL is currently priced at $195. Although it is temporarily below the 5/10/20 hour moving averages, the demand for institutional-level allocation has significantly increased. Analysts believe that the trend of traditional listed companies allocating a single Crypto Asset as a treasury reserve asset is accelerating.

[Financial Data and Operating Status]

According to the 10-Q report for the second quarter of 2025 released on August 14, Sharps Technology achieved revenue of $222,722 for the first time in that quarter. However, due to startup costs, the gross margin loss was $1,032,027, and the operating loss reached $5,028,151. Notably, the company generated $11,087,700 in gains from changes in the fair value of warrants, ultimately achieving a net profit of $5,488,141, with earnings per share of $10.45. This financial report indicates that the company is in a critical period of business transformation, with investments in Crypto Assets becoming an important strategic direction.

[Industry Impact and Development Prospects]

This transaction sets a new record for the largest scale traditional enterprise allocation case in the Solana ecosystem, providing a new paradigm for publicly listed companies’ crypto assets allocation. As more Nasdaq-listed companies explore blockchain investments, the demand for institutional-level digital asset custody will continue to grow. Sharps Technology stated that it will form a professional team with deep resources in the Solana ecosystem and may launch more Web3 medical solutions in the future.

[Conclusion] The strategic transformation of Sharps Technology marks the official beginning of deep integration between traditional healthcare companies and the crypto assets market. The $400 million PIPE financing not only injects substantial institutional funds into the Solana ecosystem but also creates a new model for publicly traded companies to directly use crypto assets to participate in equity financing. As the regulatory framework becomes increasingly clear, the allocation of crypto assets by publicly traded companies as treasury assets may become one of the standard options for corporate financial management, further promoting the institutionalization process of the crypto assets market.