Sharps Technology is set to raise $400 million through a private placement offering to fund its new Solana (SOL) treasury. The company’s stock surged by over 40% following the announcement, marking its shift toward digital asset investment. The move is supported by institutional investment firms and follows a trend where companies are increasingly establishing crypto treasuries. Sharps appointed Alice Zhang as its new chief investment officer to spearhead this strategy, with backing from other firms like Galaxy Digital, Multicoin Capital, and Jump Crypto, who are raising $1 billion for a Solana treasury.