Sharps Technology expands Solana treasury with Coinbase partnership

Sharps Technology Inc. announced a partnership with Coinbase Global to enhance its digital asset treasury strategy, managing over 2 million SOL, valued at approximately $400 million. This collaboration allows the firm access to Coinbase Prime for custody, liquidity, and over-the-counter trading, providing institutional-grade infrastructure to support its digital initiatives. Historically focused on medical devices, Sharps Technology is now leveraging blockchain for yield generation within the Solana ecosystem. This move aligns with a trend of public companies integrating digital assets into their strategies, akin to early adopters like Tesla and MicroStrategy. Notably, the partnership introduces price volatility risks associated with SOL and is occurring alongside a more moderate regulatory environment from the SEC in 2025. The collaboration signifies Coinbase's expansion into institutional services, reinforcing Sharps Technology's commitment to decentralized finance.

Source 🔗