Sharps Technology, Inc. has announced a private placement exceeding $400 million aimed at acquiring Solana (SOL) tokens, marking the second major Solana Digital Asset Treasury (DAT) initiative reported recently. This follows DeFi Development Corp's (NASDAQ: DFDV) equity offering, which raised $125 million at $12.50 per share to accelerate growth of its Solana treasury. DeFi Development currently holds approximately 1.42 million SOL tokens, valued around $273 million. Combined, these efforts represent approximately $1.4 billion in buy pressure for Solana across the two DATs announced on the same day. The new Solana treasury initiative is reportedly supported by investment firms ParaFi and Pantera, indicating strong institutional interest in expanding Solana holdings. Market observers note that such substantial treasury plays could have meaningful implications for SOL's market dynamics.