cryptonews.net
Sharps Technology (NASDAQ: STSS), a medical device company that holds a Solana-based digital asset treasury, announced a partnership with $BONK, a community-driven Solana Web3 platform. The collaboration will use $BONK’s liquid staking infrastructure as part of Sharps Technology’s treasury management strategy.
Under the plan, Sharps Technology will allocate part of its $SOL holdings into BonkSOL, $BONK’s liquid staking token. The company recently purchased more than two million $SOL, valued at over $400 million, through a private investment in public equity (PIPE) deal led by Cantor Fitzgerald & Co. By staking into BonkSOL, Sharps Technology aims to generate yields while also supporting liquidity growth within the Solana and $BONK ecosystem.
$BONK has developed multiple Solana-native products and has more than 400 integrations across decentralized applications and protocols. Its offerings include BONKBot, which has processed $14 billion in lifetime trading volume, and Bonk.fun, a platform that recorded $28 million in revenue this quarter. Since its launch, BonkSOL has attracted close to 200,000 $SOL in staking.
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