On 9 October 2025, Sharps Technology, Inc. (STSS) announced a strategic collaboration with Coinbase Global, Inc. The partnership expands STSS’s previously announced Solana digital asset treasury strategy, allowing the company to leverage Coinbase’s institutional‑grade custody infrastructure and OTC desk products. The announcement was made via a PRNewswire release dated 10 October 2025, but the event itself occurred on 9 October 2025, as indicated by the 07:00 ET timestamp in the release.
STSS has already acquired more than 2 million SOL tokens, which were valued at over $400 million at the time of the announcement, with the token trading at just above $210 per unit. By partnering with Coinbase Prime, STSS will gain access to deep liquidity and competitive pricing for its Solana holdings, while ensuring regulatory compliance and secure custody of its digital assets. The move is part of the company’s broader strategy to become the largest Solana treasury in the corporate world.
The collaboration underscores STSS’s commitment to supporting the global adoption of digital assets and to working with secure, regulated service providers. By integrating Coinbase’s infrastructure, the company can more effectively manage its Solana treasury, potentially generating on‑chain yield and diversifying its treasury portfolio. This strategic shift is material for investors, as it expands the company’s digital asset exposure and aligns with its long‑term treasury and growth objectives.
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