Sharps Technology, BONK announce staking collaboration

Sharps Technology (STSS) and BONK, one of the premier community-driven platforms of the Solana ecosystem, announced a strategic partnership to leverage BONK’s liquid staking infrastructure as part of STSS’s treasury strategy. As part of this initiative, STSS intends to stake a portion of its SOL to BonkSOL, BONK’s liquid staking token product. This signals STSS’s continued commitment to support and align with key Solana ecosystem players. The company recently acquired over two million SOL, currently valued at more than $400M with SOL trading at over $220, funded through a private investment in public equity transaction led by Cantor Fitzgerald & Co. By deploying capital into BonkSOL, STSS seeks to earn staking yields, while also deepening liquidity in the BONK and Solana ecosystem.