Sharps Bets $400 Million in SOL on Bonk Staking Partnership

* Sharps Technology partners with BonkSOL, enhancing returns and liquidity in the Solana ecosystem. * Nasdaq-listed firm leverages Bonk staking after acquiring $400 million in SOL. According to a press release on September 16, 2025, Sharps Technology, a Nasdaq-listed medical device company, has partnered with the Dogecoin-inspired memecoin Bonk to stake its substantial Solana (SOL) holdings in Bonk’s liquid staking token, BonkSOL. This collaboration seeks to generate staking yields and strengthen liquidity across the Bonk and Solana ecosystems. The partnership follows Sharps Technology's acquisition of over two million SOL tokens, valued at over $400 million, in a private investment backed by Cantor Fitzgerald, ParaFi Capital, and Pantera Capital. This significant move highlights the growing convergence between traditional finance and decentralized ecosystems. In a statement on September 16, James Zhang, Strategic Advisor to Sharps Technology, highlighted Bonk’s pivotal role, calling it a "cultural engine" that fuels innovation within the Solana ecosystem. A key element of the partnership is BonkSOL, Bonk’s staking token, which has already garnered nearly 200,000 SOL in staking and signals its increasing adoption. According to CoinMarketCap on September 16, Solana (SOL) was trading at $238.83, with its 24-hour trading volume up by 2.68%. Meanwhile, Bonk (BONK) recorded a 5.43% rise, reaching a price of $0.00003845 in the same period.