According to a company statement, the plan pairs a proprietary BNB position with a roadmap for compliant market access and real-world asset issuance using the chain’s infrastructure.
The company expects to close on or around Aug. 28, subject to conditions, and intends to acquire SOL in the open market and build treasury operations. Sharps also signed a non-binding letter of intent with the Solana Foundation to purchase $50 million of SOL at a 15 percent discount to a 30-day time-weighted average price, contingent on a separate public offering and other conditions.
ETHZilla (Nasdaq: ETHZ) authorized a $250 million share repurchase program and disclosed 102,237 ETH on hand at a $3,948 average acquisition price, valued at around $489 million, alongside about $215 million in U.S. dollar cash equivalents.
Per ETHZilla, the company plans to deploy its Ethereum through Electric Capital’s Electric Asset Protocol for on-chain yield. The buyback is authorized through June 30, 2026, or earlier if the cap is reached or the board ends the program.
Taken together, the actions point to a multi-chain approach to treasury management that spans jurisdictions and financing methods. China Renaissance paired a direct BNB allocation with an RWA fund concept and Hong Kong licensing pathways, B Strategy proposed a listed structure dedicated to BNB exposure and ecosystem investment, and Sharps moved to seed a SOL reserve with equity financing terms that accommodate token funding.
Per the companies, the majority of the $1.75 billion directly targets token accumulation, with $1.5 billion tied to planned BNB and SOL purchases and $250 million reserved for share repurchases.
B Strategy said it will pursue a maximize-BNB-per-share approach through active management and ecosystem support. China Renaissance framed its BNB allocation and RWA plans as a method to connect traditional finance with tokenized issuance under Hong Kong compliance regimes.
Sharps said the proceeds will fund SOL’s acquisition and operations and pointed to a roster of digital asset investors and market makers in the private placement. ETHZilla said it will continue to provide updates through press releases and regulatory filings.
