The post Sharps Technology Raises $400M to Build World’s Largest Solana Treasury appeared first on Coinpedia Fintech News

Sharps Technology is a medical device company, has surprised the market with its plan to build the world’s largest Solana (SOL) treasury worth $400 million. The decision has raised an important question in the crypto community: why Solana and not Bitcoin, Ethereum, or Binance Coin?

This comes right after the company completed a private placement offering, marking a big step toward its entry into blockchain finance.

Sharps Technology Announces $400M SOL Treasury

In a recent announcement, Sharps Technology has secured $400 million to build the world’s largest Solana (SOL) treasury. This move shows Solana’s rising strength compared to big names like Bitcoin, Ethereum, and BNB.

Backed by investors such as ParaFi, Pantera, and Monarq, Sharps will purchase most of the SOL directly from the open market. In addition, it has signed a deal with the Solana Foundation to buy $50 million worth of SOL at a 15% discount.

The financing was done through a PIPE deal, where each unit included common stock and stapled warrants priced at $6

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On top of it, Solana also offers one of the most attractive staking yields among top blockchains, currently around 7%. Add to that its $1



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FAQs

Why is Sharps Technology building a Solana treasury?

Sharps chose Solana for its superior speed, scalability, and high staking yield, viewing it as a more future-proof blockchain investment than Bitcoin or Ethereum.

How large is Sharps Technology’s Solana treasury?

The medical device company is building a $400 million SOL treasury, which will be the world’s largest corporate holding of Solana.

What makes Solana attractive for corporate treasuries?

Solana offers high speed, 7% staking yield, and processes 9B quarterly transactions, making it attractive for its scalability and revenue potential.