Can Sharps Technology’s Solana treasury prove ‘strongest balance sheet’ claims?
The post Can Sharps Technology’s Solana treasury prove ‘strongest balance sheet’ claims? appeared on BitcoinEthereumNews.com.
Key Takeaways What major changes did Sharps Technology announce in Q3 2025? The company raised $411 million through a PIPE deal, exited syringe manufacturing, and refocused on medical device distribution and digital asset management using Solana. How much SOL does Sharps Technology hold? As of 31st October 2025, Sharps holds over 2 million SOL, generating $17.7 million in staking revenue and fair-value gains. Sharps Technology, Inc. faced a sharp decline in market performance, with its stock trading at $2.86, down 7.14% at press time, according to Google Finance. What’s behind the Sharps Technology’s stock drop? The downturn followed the company’s latest announcement, revealing its third-quarter 2025 financial results and updates on its Solana [SOL]-based treasury strategy. Paul K. Danner, Executive Chairman, said, “The third quarter was transformative for Sharps Technology. Our adoption of a Solana-based treasury strategy, combined with a successful $411 million PIPE financing, has created the strongest balance sheet in the Company’s history.” He added that holding more than two million SOL, alongside staking rewards and a more efficient operating model, positioned Sharps to pursue new growth plans. Sharps Technology Q3 analysis Yet, despite its blockchain push, Sharps Technology’s stock continued to slide, suggesting Solana integration has yet to win over investors. Still, its Q3 2025 report showed major transformation and liquidity gains. As per the report, the company raised $411 million through a PIPE deal, $267 million in cash and stablecoins, and $144 million in SOL, reinforcing its Solana-based treasury strategy. And, with over 2 million SOL in reserve and $17.7 million in staking revenue and fair-value gains, Sharps’ blockchain diversification is already showing financial promise. Other major crypto moves by the firm In parallel, Sharps Technology also boosted its liquidity with $25.2 million in cash and stablecoins and received $1.9 million from the exercise of Series…
