Solana Institutional Adoption Accelerates as Sharps Technology Partners with Crypto.com for $400M Treasury Management

In a landmark development for institutional cryptocurrency adoption, Sharps Technology, Inc. (STSS) has announced a strategic partnership with leading crypto platform Crypto.com to manage its substantial $400 million Solana (SOL) treasury. This collaboration represents one of the largest institutional deployments into the Solana ecosystem to date and signals growing confidence in Solana's long-term viability as an institutional-grade blockchain platform. The partnership leverages Crypto.com's sophisticated institutional custody solutions, which provide enterprise-level security for digital asset management. With over 2 million SOL tokens now under professional management, Sharps Technology will utilize Crypto.com's infrastructure to optimize yield generation through advanced staking mechanisms and strategic liquidity provision across the Solana network. This approach demonstrates how traditional financial management principles are being adapted to the digital asset space. This significant treasury management initiative highlights Solana's maturation as a blockchain capable of supporting large-scale institutional operations. The deployment of assets into Solana-native projects through Crypto.com's platform will provide crucial liquidity and support for the broader Solana ecosystem, potentially accelerating development and adoption of various decentralized applications and protocols built on the network. The timing of this partnership, coming in October 2025, reflects the growing institutional recognition of Solana's technical capabilities, including its high throughput and low transaction costs. As more traditional financial entities explore blockchain integration, partnerships like this serve as important benchmarks for how established corporations can safely and effectively incorporate digital assets into their treasury management strategies while contributing to ecosystem growth.

Sharps Technology and Crypto.com Partner for Solana Treasury Management

Sharps Technology, Inc. (STSS) has entered a strategic partnership with Crypto.com to manage its $400 million solana (SOL) treasury. The collaboration leverages Crypto.com's institutional-grade custody solutions to optimize yield generation through staking and liquidity provision on the Solana network.

With over 2 million SOL tokens under management, STSS will deploy assets into Solana-native projects via Crypto.com's platform. This MOVE signals growing institutional confidence in Solana's infrastructure and ecosystem potential.

The partnership includes access to Crypto.com's OTC desk, combining secure asset custody with strategic capital deployment. Institutional participation of this scale represents a maturation milestone for Solana's decentralized finance landscape.

Why Is Solana Up Today, September 29, 2025?

Solana's price surge today is fueled by institutional interest, with major firms submitting amendments for spot Solana ETFs that include staking provisions. ETF analyst Nate Geraci notes these filings are on track for potential U.S. regulatory approval by mid-October, reigniting institutional inflows.

The broader crypto market's positive momentum further supports SOL's upward trajectory. Key technical levels to watch include $220, which may now serve as support or resistance, and the $230-$238 zone if bullish momentum continues. A drop below $200 could signal a deeper correction toward $180-$190.

For SOL to sustain its rally, holding above $200 and breaking through $220 is critical. Catalysts like ETF approvals or increased institutional buying could propel prices toward $230 and beyond.

Flora Growth Pivots to Blockchain with ZeroStack Amid Funding Scrutiny

Flora Growth Corp. is making a strategic shift into the blockchain space by transitioning to ZeroStack, a digital asset treasury (DAT) company. The move leverages Zero Gravity’s AI-driven blockchain technology, positioning the firm at the forefront of decentralized finance innovation. Market observers note the pivot reflects broader industry trends, where traditional companies seek competitive edges through crypto-native strategies.

Financial disclosures reveal a $401 million capital raise, but only 3%—$13.66 million—originated from fresh investments. A significant portion came from DeFi Development Corporation’s contribution in Solana (SOL) tokens, raising questions about capital recycling versus genuine liquidity infusion. SEC filings detail the structure, highlighting reliance on private placements and asset reallocation.

Investor skepticism centers on ZeroStack’s liquidity management. Early access to funds for foundational team members via DAT mechanisms has drawn particular scrutiny. The Solana-based transaction underscores the growing role of altcoins in corporate treasury operations, though market participants remain wary of opaque financial engineering.

Solana Price Rally Fuels Record Expectations Amid Institutional Interest

Solana (SOL) is poised for a potential price breakout as institutional adoption and regulatory tailwinds converge. The cryptocurrency has gained 15% this week following 21Shares' launch of a Jupiter exchange-traded product on Switzerland's SIX Exchange, marking growing institutional acceptance.

Market sentiment received additional support from the SEC's withdrawal of delay notices on spot ETF applications, with Polymarket odds now pricing a 99% approval likelihood. Analysts suggest SOL could retest all-time highs by December, with some altcoin specialists forecasting a 3-5x price appreciation this cycle.

The momentum follows Nasdaq-listed Forward Industries' establishment of a Solana treasury, while trading volumes suggest accumulating institutional positions. October's anticipated ETF decisions may catalyze the next leg of SOL's rally.

Republic to Tokenize Animoca Brands Shares on Solana Blockchain

Republic, a global investment platform, is pioneering the tokenization of Animoca Brands' private equity on the Solana blockchain. This strategic move could democratize access to investments in one of Web3's most influential players, which holds stakes in over 600 blockchain projects.

Traditionally, Animoca's unlisted shares were accessible only through opaque over-the-counter deals. By digitizing these assets as Solana-based tokens, Republic aims to unlock global liquidity while enhancing transparency—a potential watershed for private markets. The tokens will be minted on-chain and distributed directly to investors' wallets, with trading facilitated through Republic's marketplace.

The initiative signals growing institutional recognition of blockchain's capacity to reshape capital markets. "This represents a meaningful development in the convergence of traditional finance with blockchain solutions," Republic noted, framing the move as a blueprint for future equity structures.

Crypto Industry Loses $155.9 Million to Exploits in September Amid Rising Attack Frequency

The cryptocurrency sector suffered $155.9 million in losses due to hacks and exploits in September, marking the highest number of major incidents since March 2024. CertiK's data reveals 14 significant attacks excluding phishing, with wallet compromises accounting for over $100 million of the total.

Phishing schemes drained $26.4 million, including a devastating $45.5 million attack on UXLINK that cratered its token value by 99.99%. Switzerland's SwissBorg platform lost $40 million in Solana (SOL) through an API exploit in staking partner Kiln's system.

While monthly losses show a slight decrease from August's $163 million, the escalation in attack frequency and sophistication signals growing security challenges for the industry. The incidents spanned multiple attack vectors including code vulnerabilities, exit scams, and market manipulation.