Settled company technology of the listed company at NASDAQ (STSS) Rallied up to 70% on Monday on the collection of $ 400 million to establish what he says could become the biggest Solana digital assets for the company .
The fundraising of the company has removed some of the most active investors from digital assets, including Parafi, Pantera, Falconx, Coinfund and Arrington Capital. Under the agreement, the shares were sold at $ 6.50 per unit with attached mandates exercised at $ 9.75. The closure is expected by August 28.
The action was briefly exceeded $ 13 in the morning in the United States before the winners, up 53% compared to $ 7.3 at the end of Friday.
The company plans to allocate funds mainly to the soil acquisition, the native token of the Solana blockchain. Alice Zhang, co-founder of the project supported by Solana, Jambo, also joined the firm as director of investments and member of the board of directors.
The Solana Foundation, the non -profit development organization focusing on the Solana network, is committed to selling $ 50 million in ground token to a 15% discount at a weighted average price in time of 30 days, subject to conditions, according to the press release.
Sharps is the last public public company to accumulate cryptocurrencies, a recent trend that has captivated the stock markets. These companies, often nicknamed digital assets of assets (Dats)Collect funds on capital markets to buy cryptos, aimed at reproducing the success of Michael Saylor’s strategy (MSTR). The strategy has become the largest Bitcoin corporate owner With a reserve worth north of $ 70 billion.
The fever has already extended to Solana, with soil strategies (Hodl)Defi Development (DFDV) and upexi (Upxi) Be among the listed companies stacking soil.
Dats has as a proxy game on cryptography prices and most of them are negotiated with a bonus compared to underlying assets. However, they could undergo pressure during market slowdowns when the premium contracts, caping their ability to collect funds to feed purchases.
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Treasury Sol 1B to come, DFDV to sell equity
The Sharps decision was not the only news linked to Solana’s Treasury on Monday.
The eminent crypto companies Galaxy Digital, Multicoin Capital and Jump Crypto would seek to lift $ 1 billion to build a treasure focused on soil. They plan to buy a listed company and hired Cantor Fitzgerald as a main banker.
Meanwhile, Defi Development (DFDV)Led by former Kraken leaders, on Monday to raise $ 125 million by selling equity, seeking to increase its holding soil.
The stock dropped by 19% on the news.
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