Sharping technology doubles after $ 400 million of the Solana Treasury plan star-news.press/wp
MECARPINY COMPANY Company Company has doubled on Monday value, as its shares increased by 96 % to the highest level during the day 14.53 dollars, after announcing a $ 400 million plan to build a Solana -based digital asset locker.
The Rally followed the private recruitment deal and partnership with the Solana Foundation for Sol, the original symbol of Blockchain. The sharp tools were closed today at $ 12.01, and it is still above $ 7.40 on Friday.
Solana Treasury strategy announced
The sharp tools confirmed on Monday that it had signed Rhetoric With Solana to buy $ 50 million of distinctive symbols through a special investment treatment (PIPE). The accredited investors will buy the company’s shares and stipulate orders at $ 6.50 per unit, with orders that can be exercised at $ 9.75 over three years. This structure connects the property rights of Sharps’ directly to the performance of Solana prices.
The company has appointed Alice Chang, co -founder of Web3 Startup Jambo, as the chief investment official to lead the cabinet axis. The other prominent Solana character, James Chang, will be a strategic advisor.
“The global adoption of the ecosystem in Solana is accelerating,” Alice Zhang said in the company’s press statement. “We now believe that the time to create a ministry’s digital asset strategy with Sol, which will put sharp tools for long -term success.”
The offer, which is expected to be closed on August 28 or about 28 August, allows investors to finance allocations using either closed or unbelievable Seoul and receive pre -finated and dynamic financing orders in return.
Many health care and biotechnology companies have already adopted encrypted currencies such as Treasury Assets. HotH Therapeutics of Bitcoin was allocated in November 2024, while Atai Life Sciences followed in March / March purchasing $ 5 million. 180 life sciences were renamed in the name Ethzilla in July and announced from the Atheer Treasury at a value of $ 425 million after a decrease of 99 % of the shares.
Wall Street warns of risks
The enthusiasm of the investor rose after announcing the sharp tools. On Stocktwits, the social media platform that collects the morale of the retail market, the expectations of STS from “climb” have turned into “a very climb” within 24 hours, while the size of the messages reaches a record level.
Not all analysts agree. In a modern investor Education videoCharles Schwab warned that companies that transmit large reserves to volatile digital assets outside their basic work “raised the red flag or two.”
However, sharp tools insist that the encryption axis will enhance its long -term look. With experienced executives and increased institutional support, the company bets that the Solana Treasury will provide larger returns than traditional reserves.
The original code was traded in Solana in $ 18-189 on Tuesday, a decrease of 10-11 % in 24 hours after it reached a period of time to $ 212 during the weekend. Despite the DIP, Sol is still one of the most institutional supported assets, as it tests Visa Blockchain to accelerate the settlement of global credit cards. The highest level in the distinctive symbol was reached at $ 293 in January.
The post -sharp technology is doubled after $ 400 million, the Solana Treasury plan appeared for the first time on Beincrypto.
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2025-08-26 02:15:00
