Sharps Technology, a medical device company, announced plans to raise $400 million to create a digital asset treasury focused on Solana. This strategic move resulted in a 96% surge in the company's stock price, climbing from $7.40 to a peak of $14.53 before settling at $12.01. The company has signed a letter of intent with the Solana Foundation to acquire Solana tokens, with the transaction expected to close around August 28, 2025. Alice Zhang has been appointed as Chief Investment Officer to oversee this transition, with James Zhang joining as a strategic adviser. This initiative reflects a growing trend among health sector firms to diversify assets through crypto treasuries. However, analysts urge caution due to the inherent volatility of digital assets. The transaction is subject to closing conditions, with final confirmation anticipated on August 28.