Sharps Technology, a Nasdaq-listed firm, has raised a significant $400 million through a private placement to establish a substantial Solana digital asset treasury. The move underscores growing institutional interest in cryptocurrencies and marks a strategic shift for the company, which recently appointed Alice Zhang as Chief Investment Officer, highlighting their focus on digital assets. 💰 This deal attracted key institutional investors including ParaFi, Pantera, and CoinFund, demonstrating confidence in Solana’s potential. The transaction incorporates a PIPE (Private Investment Placement) structure, signaling a sophisticated approach to financial planning tied to Solana, aligning with similar strategies seen in other sectors like healthcare. The market reacted enthusiastically to the move, as Sharps’ stock surged by double its value intraday. 📈