Sharps Technology increases fundraising to 1 billion USD and launches digital asset treasury strategy

ChainCatcher News, according to PRNewswire, Nasdaq-listed company Sharps Technology announced that the private placement of common stock and combined warrants has been completed, with total proceeds from this fundraising transaction exceeding 400 million USD. In addition, the company stated that exercising all warrants could raise an additional 600 million USD, which means the total fundraising scale could expand to 1 billion USD. The new funds will support the launch of its digital asset treasury strategy, with the main holdings of the treasury being SOL, the native digital asset of the Solana blockchain.