@sasha25
New Solana treasury eyes raising over $400 million with help from ParaFi and Pantera
Small-cap medical device firm Sharps Technology Inc. (ticker STSS), said on Monday its aiming to raise over $400 million to stockpile Solana. Its private placement is expected to close on Aug. 28.
The company aims to become the "largest Solana digital asset treasury," according to a statement.
"The offering consists of an over $400 million private investment in public equity transaction (PIPE) for the purchase and sale of common stock," the company said. Sharps Technology listed several participating investors including ParaFi Capital and Pantera Capital.
https://www.theblock.co/post/368150/new-solana-treasury-eyes-raising-over-400-million-with-help-from-parafi-and-pantera