Unlocking Value: Sharps Technology’s $400 Million Solana Treasury Strategy

Coordination with Sharp's technology, I sat down with strategic adviser James Zhang to hear about the company's Salon Treasury strategy.

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Sharp's Technology and medical device company closing a $400 million private placement to build a digital asset treasury strategy, accumulating Solana.

The strategy well to generate reliable on chain yields and tapping directly into the Solana ecosystem.

Joining me today is James Dang, who's strategic advisor at Sharp's Technology.

James, welcome.

Thank you so much for joining me.

Thanks for having us.

Well, first and foremost, tell me about the strategy and And what are the benefits of Treasury stock versus ETF or Slana?

Yes, so Sharpology closed over $400 million on private placement with up to a billion dollars of gross proceeds and fully deployed it into Sallana, holding over 2 million sole tokens at the moment.

Now ETFs are great.

I think it's one of the most important parts in the financialization curve of an asset class.

There's over 40 in Bitcoin, over 20 in Ethereum, and currently over 7 pending for Sallana with approval date.

And potentially October.

Now that being said, I think digital asset treasuries provide a lot more financial tools to actually benefit shareholder value.

For example, accretively generating your salon per share by raising cash through selling your shares to essentially increase your asset class and vice versa when you're volatility in the stock, you're essentially able to buy back shares using selling asset class.

So these are very simple mechanisms, but at the end of the day.

How do you actually value it now if you look at when an example Bitmine launched in July, they held about $4 per share of Ethereum.

You could have at the same time bought $4 on Ethereum or $4 on the ETF, but as of today, I think Bitmine owns around $40 per share of Ethereum, generating over 10x, and you would still hold the same amount of ET in the ETF or in the underlying assets.

So I think there are outsized returns that your management team can provide to you by doing digital asset treasury strategies.

And digital asset treasury's DAs have been in the spotlight in 2025.

So tell us about the influx of DAs for a single asset.

Well, I think DAs generally signify strong open market buying pressure right from the time that you come into the market, you can experience great volatility and benefit of being an early entrant.

If you look at Sharp's technology, it has Salana's prices around $109 when it launched a few weeks back and has increased dramatically since then.

I think some of this could be attributed to DA's open market buying pressure of over a billion in the past few weeks, and there's 1 to 2 billion of signal open market buying pressure from DAT over the next few weeks as well.

So you're extremely bullish that you can come in early as an entrant and experience those gains for your shareholder.

If you look at Ethereum, it's done over 10 billion of flows to the underlying asset just from its DAS strategy.

And when we're looking at the crypto markets, many may focus on the majors, but tell us the best way to think about Solana versus the other classes.

Sure, I think if you look at it, Bitcoin is digital gold, Ethereum is digital oil, and Solana is digital silicon.

I think silicon is extremely undervalued.

It's the building blocks of the internet, the world we live in, and semiconductors, microchips, which powers your phone, your tablet, and everything in between.

And Solana essentially as Silicon Valley has grown and internet comes to me, Solana has been the fastest to 100 bill in market cap.

So I think the best way to think about it is 10 years ago you buy gold, you buy Nvidia, you log off, you bid better than most hedge funds in the world.

Well today Bitcoin is digital gold.

Is that digital infrastructure and Nvidia if you look at the market cap essentially of Salla relative to Ethereum and Bitcoin that have been around for much longer, it's 15% the market cap of Ethereum at 100 bill and 5% of Bitcoin.

So every new net dollar that comes into Sallana can drastically move the price.

And of course viewers may be familiar with bonks, so we know that ecosystem alignment is key.

So tell us about your bong partnership.

Yes, and the most important is that Sharps is run by a team of Slana native founders and crypto native folks.

So ecosystem alignment is extremely important.

Bonk being one of the largest players in this ecosystem, is. a natural partnership by us leveraging their liquid retaking infrastructure, we increased yield for our shareholders and the underlying asset and for Bank they can increase their TV on a lot of liquidity through BankSoul and their info.

Looking at Nam, one of the main key figureheads, it's been extremely enjoyable to work together alongside in the trenches.

And what about Pudgy penguins?

Was this also part of the initiative?

Yes, I think what Luca Nets has done with the Pudgy Penguin Initiative and their community is second to none, it's one of the few communities that has really transcended past just crypto and into the mainstream media.

If you look at some of Partnerships like Walmart, they really have that platform to speak to a lot of retail.

So us partnering with PUG gives us that voice and platform to essentially educate a lot of folks on Solana that are coming into the market as the next digital infrastructure and STSS's role in this.

And of course your strategy does rely on Solana appreciating, so tell us your view when it comes to this crypto definitely if you.

Look at Solana today.

Every metric points to it being the leading digital asset.

It did 900 mil revenue last quarter to Ethereum's 300 mL.

It has 7% native stake and yield to that of Ethereum's 3%, and it's the fastest company cross sector to reach a 100 m market cap, you know, 2 or 3 years faster than both Facebook and Apple.

Looking at price predictions and price movement, Ethereum in its first cycle are up from $6 to $1400. at an all time high and the second cycle currently from $60 to over to over $4000 right now.

Solana in its first cycle went from $1.26 to $266 in the first cycle, and this cycle is at $10 gone up currently sitting at $230.

We think there's extreme growth ahead with DATs coming out and a lot more digital asset frameworks, so.

It was the L1 of the last cycle, and currently Solana is the L1 that everyone uses in this cycle from transaction numbers, DX volume, etc. so extremely bullish on Solana, even from some very simple mass market cap.

And James, finally, I do want to ask you about Sharp Technologies's global strategy moving forward.

Tell us more.

Yes, Capital markets here in the US, but global liquidity around.

We're extremely excited to start a roadshow starting in Hong Kong, Shenzhen, Korea, Japan, and Singapore over the next few weeks.

So I think it's extremely important to educate.

Both in Asia and globally on actual DATs and pipes because there is definitely a lack of information asymmetry, and we think educating a lot of family officers and institutions on the Asia side will bring in even more capital directly to the space.

Well James, thank you so much for joining me and thank you for sharing your insights and your perspective.

Thank you.