Sharps Technology stock hits all-time low after filing its first quarterly financial report

Jinse Finance reported that Sharps Technology has released its quarterly financial report for the first time after adopting a Solana-centric digital asset reserve strategy. The data shows that its core medical device business revenue is negligible, while the company holds nearly 2 million SOL tokens. The Nasdaq-listed company disclosed in regulatory filings that as of September 30, the fair value of its digital asset portfolio was $404 million, but this figure reflects the price level at the end of the quarter. Based on the current SOL price of about $138, the company's holdings have significantly shrunk in value to $275 million. The company's stock price fell to a historic low this week, having declined for several consecutive months since peaking at $16 at the end of August. According to Google Finance data, the stock price fell below $2.90 on Monday morning, with a market capitalization significantly lower than the current implied value of its Solana holdings.