Sharps Technology Deploys Over $400 Million in Solana to BonkSOL

Overview

• Sharps Technology confirmed it will stake part of its more than two million SOL into BonkSOL to generate yield while retaining liquidity.
• The SOL was accumulated via a PIPE transaction led by Cantor Fitzgerald, valuing the treasury at over $400 million at recent prices.
• BonkSOL’s liquid staking pool, previously near 200,000 SOL, is set to expand with Sharps Technology’s allocation, boosting network participation.
• Company advisor James Zhang framed the strategy as supporting productive Solana teams while pursuing returns for shareholders.
• Coverage cites BONK’s maturation with BONKBot processing roughly $14 billion in trading and Bonk.fun generating about $28 million in quarterly revenue, reinforcing institutional confidence.