Sharps Technology, Inc., a Nasdaq-listed medical device company trading under the symbols STSS and STSSW, announced a private placement exceeding $400 million aimed at establishing the largest Solana (SOL) digital asset treasury strategy. The private placement is expected to close on August 28, 2025. As part of the initiative, Sharps Technology signed a memorandum of understanding and a letter of intent with the Solana Foundation to purchase $50 million worth of SOL tokens at a 15% discount. The company plans to build what it describes as the world's largest corporate Solana treasury, targeting a yield of approximately 7%. The announcement triggered a surge in Sharps Technology’s stock price, which rose more than 50% in pre-market trading and became one of the most actively discussed stocks on social media platforms. This strategic pivot marks a notable shift for Sharps Technology from its traditional medical device business into the digital asset space, reflecting growing institutional interest in Solana’s blockchain ecosystem.