The encryption treasury continues. The technology of sharp tools, a small medical company and a pharmaceutical packaging company, Declare On Monday, he is planning to sell its shares worth $ 400 million to finance the treasury for SolanaOne of the largest cryptocurrencies depending on the market value. Large investment funds such as Parafi, Pantera Capital and Coinfund contributed to an increase.
The transaction, which will turn the shares of the Medical Devices Company into an agent at the Solana price, will be closed on August 28. Alice Zhang, a CRIPTO project, will join the Board of Directors of the sharp tools and become the head of investment in the company. James Chang, another smartphone founder, will join as a consultant and strategic advisor.
“We will have a team with deep relations with the ecosystem of Solana and experience at the level of the founder in expanding the scope of institutional assets platforms,” Alice Zhang said in a statement.
Of more than $ 400 million, capital injection tools may become more than $ 400 million, the largest company Solana in the market. Upexi, its closest rival, has about 394 million dollars of cryptocurrency, according to the latest to update In its public budget. Defi Development Corp, another public company that collects Solana, has a little more than $ 250 million.
But the position of the sharp tools as the front filter may be short -term. Crypto Heavyweights Galaxy Digital, Multicoin Capital and Jump Crypto are located in the market to raise a billion dollars to start their Solana Treasury, according to a report From Bloomberg, who cited unknown sources.
A spokesman for Jump Crypto rejected the comment. Multicoin Capital and Galaxy Digital speakers immediately have not responded to a comment.
Investing in sharp tools comes in the wake of a large number of ads issued by small public companies to create the so -called digital treasury bonds, or clusters of the cryptocurrency that was held on corporate budgets.
The strategy was generalized for the first time through the strategy of the Data Analysis software, which was previously called Microstrategy, which began to buy Bitcoin In 2020, Michael Sailor, founder of strategy and CEO, became one of the largest bitcoin reinforcements with his company added more and more distinctive symbol to its public budget.
With the increase in the price of the largest encrypted currency in the world, the price of the strategy shares rose, as traders bought their shares as a bitcoin agent.
When watching the active rise in the strategy, which now includes the market value of about $ 100 billion, you followed the counterfeit copies. Other small companies circulated publicly began adding Bitcoin to their public budget in the hope of fixed organic pollutants in their shares. Soon companies have started buying more strange symbols, including Ethereum, XRP and Litecoin.
Correction, August 25, 2025: I changed the title to describe the technique of sharp tools more accurately.
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