Sharps Partners with Pudgy Penguins for Major Solana Treasury Expansion

Sharps just teamed up with Pudgy Penguins to supercharge their Solana treasury—because apparently traditional finance wasn't yielding enough returns to keep up with NFT penguin energy.

The Strategic Move

This partnership signals a aggressive pivot toward blockchain-based treasury management. Sharps isn't just dipping toes—they're diving headfirst into Solana's ecosystem alongside one of NFT space's most recognizable brands.

Market Implications

The collaboration demonstrates institutional confidence in Solana's infrastructure while blurring lines between traditional finance and digital asset management. It's another nail in the coffin for legacy systems that still think spreadsheets count as innovation.

Looking Ahead

Watch for other traditional firms to follow suit once they realize their 2% yields can't compete with decentralized finance. The penguins might just know something your financial advisor doesn't.

Sharps’ Solana Treasury Expansion

The MOVE comes after Sharps Technology’s recent moves in boosting the Solana space. In August, Sharps Technology announced that it is expanding its Solana treasury. The firm recently bought more than 2 million SOL, valued at over $400 million, through a private investment transaction facilitated by Cantor Fitzgerald & Co. 

The firm also shared that most of the SOL will be bought on the open market. In addition, Sharps will purchase $50 million worth of SOL at a 15% discount in collaboration with the Solana Foundation.

Also Read: SEC Delays Franklin Solana ETF Decision to November 2025