Sharps Technology and BONK Partner to Boost Solana Staking with BonkSOL
Highlights:
- Sharps Technology and BONK join forces to stake SOL into BonkSOL.
- Sharps holds over 2 million SOL after a $400M PIPE round.
- BONK’s liquid staking token, BonkSOL, enables new DeFi opportunities.
Sharps Technology and BONK have teamed up for strategic staking, seeking to boost liquidity and staking yields across Solana. This partnership links the institutional capital to the Web3-native infrastructure. Sharps Technology, a Nasdaq-traded company with the ticker STSS, operates a Solana-based digital asset treasury.
Recently, the company secured more than $400 million in a PIPE deal, which was led by Cantor Fitzgerald. It deployed this funding to purchase over 2 million SOL, aiming to become one of the major institutional holders in Solana.
Meanwhile, BONK is one of the leading Solana-based memecoin projects driving the culture. Its influence is expanding with more than 400 dApp integrations and 14 billion trades through BONKBot. BONK has come up with BonkSOL, a liquid staking token (LST) that enables SOL holders to stake without giving up liquidity.
The Dog is excited to welcome Sharps Technology (NASDAQ: STSS) into the BONK ecosystem initially with our liquid staking partnership, which continues the journey of $BONK into new realms with new partners!
Let’s BONK ❗️❗️❗️ https://t.co/nH5QrVKrCH
— BONK!!! (@bonk_inu) September 16, 2025
BonkSOL Unlocks Yield and Flexibility
The partnership finalized a deal with Sharps to stake part of its SOL into BonkSOL. This token gives users passive income while still being able to use it in DeFi protocols. BonkSOL allows capital efficiency for the treasury manager or everyday user alike.
James Zhang, Strategic Advisor to Sharps, stated:
“BONK has become one of the cultural engines of Solana and has always been driving innovation. The partnership with BONK is opening up new revenue channels and growing the STSS Web3 footprint.”
BonkSOL currently has close to 200,000 SOL in staking, and that number is projected to increase with Sharps joining. The partnership has the goal of increasing the liquidity of BONK and the Solana ecosystem as a whole.
Sharps isn’t the only treasury exploring memecoin integration with SOL. In June, DeFi Development partnered with Dogwifhat to launch a validator node and share staking rewards. However, the Sharps Technology and BONK collaboration is one of the biggest capital investments into a liquid staking protocol linked to a memecoin.
Institutions Tap Into Solana DeFi
This latest move by Sharps Technology is part of a growing trend among public firms holding crypto on their balance sheets. By engaging with Web3 native products such as BonkSOL, Sharps brings institutional-grade capital into the on-chain. BONK Core Contributor Nom called the partnership a “no-brainer” in expanding to the institutional market.
He added:
“STSS has created one of the most exciting Solana treasuries in the market. BONK’s initial mission was to create tools for Solana’s most engaged users.
Sharps joins companies such as Forward Industries and Galaxy Digital, which have multi-million SOL treasuries. Forward recently purchased 6.8 million SOL and staked all the holdings. The staking approach illustrates the role of liquid staking in broader treasury allocation strategies.
Forward Industries, a Solana treasury company, announced it purchased 6,822,000 SOL at an average of $232, totaling about $1.58 billion. The SOL was acquired via open market and on-chain transactions and fully staked. The Nasdaq-listed firm recently closed a $1.65 billion round… pic.twitter.com/jUvxIc5ZAZ
— Wu Blockchain (@WuBlockchain) September 15, 2025
Bonk.fun, another product developed by BONK, generated $28 million in quarterly revenue, demonstrating strong demand from users. BONK’s growing collection of tools makes it an important force in the development of Solana. Following the announcement, BONK has seen an uptick of more than 4% to trade at $0.00002355. In addition, its market cap and trading volume have surged to $1.9 billion and $320 million, respectively.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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