- Sharps Technology will stake part of its SOL treasury into BONK’s BonkSOL as a new component of its treasury strategy.
- Analyst Inmortal signals a potential parabolic phase for BONK after a dip, citing favourable risk reward on X.
Sharps Technology has agreed a collaboration with BONK to stake a portion of its Solana holdings through BonkSOL, BONK’s liquid staking token. The company said the move forms part of its broader treasury strategy adopted this year.
Sharps Technology to allocate part of 2 million SOL via BonkSOL under new partnership
The Nasdaq-listed medical device maker disclosed on September 16 that it holds more than two million SOL and intends to deploy a share of that treasury into BonkSOL to earn staking yield while keeping liquidity.
At recent prices cited in the release, the position was valued at over $400 million, funded through a PIPE led by Cantor Fitzgerald. The company framed the step as a means to deepen ties with the Solana ecosystem and to add on-chain yield to its balance sheet management.
Sharps said the partnership would use BONK’s staking infrastructure and highlighted BONK’s footprint on Solana, including more than 400 integrations across decentralised applications.
BONK’s product suite includes BONKBot, which has generated more than $14 billion in lifetime trading volume, and Bonk.fun, which the company said delivered $28 million in quarterly revenue. Since launch, BonkSOL has attracted close to 200,000 SOL in deposits according to the announcement.
Market participants have followed Sharps Technology’s digital asset strategy closely after the group disclosed significant SOL accumulation this quarter.
Bought a bag of $BONK on this dip
Because it feels like the last dip ever before parabolic
The R:R is too good to pass up pic.twitter.com/65NNBgkF43
— Inmortal (@inmortalcrypto) September 15, 2025
Secondary outlets echoed the collaboration details and the plan to route part of the treasury into BonkSOL as a distinct step in how the company manages its crypto holdings alongside its core healthcare operations.
Widely followed trader outlines a “parabolic” BONK scenario after recent pullback
Alongside the staking tie-up, a high-profile crypto trader posting under the handle Inmortal wrote that the latest dip in BONK looked like the last one before a potential parabolic advance and disclosed a tactical long position.
The post, shared on September 15, argued the risk reward was attractive and pointed to a technical setup consistent with a sharp upswing if momentum returned. Independent coverage of the note reiterated those remarks and outlined upside targets contingent on price holding recent support.
Such projections are opinion rather than guidance and hinge on market liquidity, funding conditions and broader crypto beta. BONK’s liquidity profile has deepened on Solana amid rising activity across trading tools and staking programmes, but price sensitivity to flows remains elevated versus large-capitalisation tokens.
The staking initiative involving an institutional treasury adds a novel source of on-chain demand for Solana’s validator set through a liquid token that preserves exit flexibility, a design that can influence circulating float and yield capture depending on validator selection and commission schedules.
For Sharps Technology, the operational questions now focus on staking share, validator distribution and accounting treatment for yields and any liquid staking token received.
For BONK, the collaboration broadens exposure to listed equity investors while testing whether institutional treasuries will scale usage of liquid staking primitives on Solana beyond retail adoption.
At the time of writing, SOL is trading at US$234.54 on Kraken, down –0.18% over the past 24 hours.
