Sharps Technology to Stake $400M SOL in Bonk Partnership

• Sharps Technology will stake SOL holdings in BonkSOL to generate yields and enhance liquidity.
• BONK’s growth underscores its role as a key player in the Solana ecosystem.

On September 16, 2025 (UTC), PR Newswire reported that Sharps Technology, a Nasdaq-listed medical device company, announced a strategic partnership with the meme coin BONK. Through this collaboration, Sharps will stake a portion of its Solana (SOL) holdings in BonkSOL, a liquid staking token within the Solana ecosystem. The initiative aims to generate staking yields for shareholders and boost liquidity across BONK and Solana networks.

Sharps Technology recently acquired over two million SOL tokens, valued at more than $400 million, positioning the company as one of the largest Solana-based digital asset treasuries. The acquisition was executed via a private investment in public equity (PIPE) transaction led by Cantor Fitzgerald & Co., a global financial services firm.

BonkSOL, the staking token Sharps will utilize, allows participants to earn passive income on locked assets while maintaining liquidity. This decision highlights Sharps’ commitment to leveraging the Solana ecosystem’s flexibility to deliver shareholder value. Furthermore, the partnership aligns with BONK’s strategy of enhancing infrastructure and utility within Solana-based decentralized applications.

James Zhang, Strategic Advisor to Sharps Technology, lauded BONK’s contributions to Solana’s evolution, stating, “BONK has become one of the cultural engines of Solana and has consistently driven innovation across the ecosystem.” Additionally, a core BONK contributor, identified as Nom, noted the synergy between the partnership and BONK’s mission to create cultural assets and user-focused products on Solana.

An integral part of the Solana ecosystem, BONK is utilized by over 400 decentralized applications. Since its launch, BonkSOL has accumulated nearly 200,000 SOL in staking. BONK, which currently boasts a market capitalization of approximately $1.81 billion, illustrates its growing influence within the cryptocurrency market, particularly among meme coins.

As of September 16, 2025, 16:09 UTC, BONK’s market cap stands at $1.82 billion, reflecting a 4.362% increase in 24-hour trading volume, according to cryptocurrency market data. Solana (SOL), meanwhile, is trading at $237.96, marking a 2.408% rise in the past 24 hours. These figures reinforce the strengthening position of the Solana ecosystem within the broader cryptocurrency industry.