Sharks Sharks Technology Sharks of the company that is quoted in Nasdaq (STSS) It joined up to 70% on Monday by raising $ 400 million to establish what it says it could become the largest corporate digital assets in Solana .
The collection of funds from the firm caused the support of some of the most active investors in digital assets, including parafi, panther, falconx, coinfund and Arrington Capital. According to the agreement, the shares were sold to $ 6.50 per unit with attached Warrants at $ 9.75. The closure is expected before August 28.
The stock briefly exceeded $ 13 in the morning of the US hours. Uu. Before the profits, 53% more than $ 7.3 at the end of Friday.
The company plans to allocate the funds mainly to acquire sun, the native token of the Solana block chain. Alice Zhang, co -founder of the project backed by Solana Jambo, also joined the firm as an investment director and member of the Board.
The Solana Foundation, the non -profit development organization that focuses on the Solana Network, has committed to selling $ 50 million in Tokens Sol with a 15% discount at an average price weighted for the time of 30 days, subject to conditions, according to the press release.
Sharps is the last public company that revolves to accumulate cryptocurrencies, a recent trend that has captivated stock markets. These companies, often folded digital asset bonds (Dats)raise money in capital markets to buy cryptos, with the aim of replicating the success of Michael Saylor’s strategy (Mstr). The strategy has become Bitcoin’s largest corporate owner With a value of the north of $ 70 billion.
The fever has already spread to Solana, with Sol strategies. (HODL)Defi Development (DFDV) and Upexi (UPXI) Be among the companies listed stacking sun.
Dats A as a proxy game in cryptography prices and most of them trade with a premium in relation to underlying holdings. However, they could be under pressure during market recessions when the premium contracts, limiting its ability to raise funds to boost purchases.
Read more: Corporate Bitcoin Treasury Bonds could increase credit risks, says Morningstar Dbrs
Upcoming $ 1b of Treasury Sol, DFDV to sell capital
The Sharps movement was not the only news related to Solana’s treasure on Monday.
According to reports, prominent cryptographic firms Galaxy Digital, Multicoin Capital and Jump Crypto are looking to raise $ 1 billion to build a treasure focused on sun. They plan to buy a company quoted and hired from Cantor Fitzgerald as the main banker.
Meanwhile, Defi Development (DFDV)Directed by former Kraken executives, he announced on Monday to raise $ 125 million selling capital, seeking to increase their sun holdings.
The action fell 19% in the news.
Read more: Treasury B strategy focused on BNB The strategy seeks to raise $ 1B with the support of YZI LABS DE CZ
