Overview

• Institutional participants include Pantera Capital and ParaFi, with coverage also naming FalconX, Phoenix Capital and CoinFund.
• Alice Zhang will join the board as chief investment officer, and James Zhang will serve as a strategic advisor.
• If completed, the plan would place Sharps among the largest public Solana treasuries, alongside Upexi at about $394 million and DeFi Development Corp. above $250 million.
• Sharps is pivoting from medical devices and pharmaceutical packaging to a digital-asset treasury model focused on Solana.
• Bloomberg reports, citing anonymous sources, that Galaxy Digital, Multicoin Capital and Jump Crypto are seeking $1 billion for a separate Solana treasury venture.