24/7 Market News Snapshot 10 September, 2025 – Sharps Technology Inc. Common Stock (NASDAQ:STSS)

September 10, 2025

DENVER, Colo., 10 September, 2025 (www.247marketnews.com) – (NASDAQ:STSS) are discussed in this article.
Sharps Technology Inc. (STSS) has experienced a remarkable surge in its stock price, opening at $9.44 before skyrocketing by an impressive 57.85% to reach $14.90 during today’s trading session. This significant increase is backed by a trading volume of 2.84 million shares, reflecting heightened investor enthusiasm and strong market confidence in the company’s future prospects. Analysts suggest that STSS has successfully breached key resistance levels, paving the way for potential continued upward momentum as investor interest intensifies.

In a parallel development, Sharps Technology has entered a groundbreaking partnership with the globally recognized Pudgy Penguins brand, which is making waves in the Web3 landscape. This collaboration aims to enhance the company’s digital asset treasury strategy while establishing a strong presence within the Solana ecosystem. Pudgy Penguins has emerged as a cultural icon, amassing over 220 billion content views and collaborating with major brands like Walmart and NASCAR. The recent launch of the PENGU ETF has further amplified institutional interest in the Pudgy brand, highlighting its market relevance.

Sharps Technology’s strategic position is reinforced by its recent acquisition of more than two million SOL, estimated to be worth over $400 million, through a private investment in public equity orchestrated by Cantor Fitzgerald & Co. This decisive move aligns with the firm’s ambition to deliver institutional-grade digital asset management solutions.

Luca Netz, CEO of Pudgy Penguins, expressed enthusiasm about the alliance, emphasizing its potential to accelerate institutional adoption and engagement in the digital asset space. James Zhang, Strategic Advisor to Sharps, echoed this sentiment, noting that the partnership is poised to foster innovative connections between retail and institutional investors in the burgeoning Web3 environment. Together, these developments signal a promising horizon for Sharps Technology and its stakeholders in an evolving digital economy.

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