1. STSS partners with Coinbase to enhance digital asset treasury strategy. 2. STSS has acquired over 2 million SOL valued at $400 million. 3. Partnership aims to strengthen STSS's position in decentralized finance. 4. Coinbase provides institutional-grade infrastructure for STSS’s treasury management. 5. STSS emphasizes commitment to secure adoption of digital assets.
The partnership with Coinbase could significantly enhance STSS’s operational capabilities, similar to how Tesla's collaboration with Panasonic in battery tech boosted its valuation. As STSS enhances its treasury strategy with SOL, the market may respond positively, considering the current bullish trend in cryptocurrencies.
The announcement's direct impact on STSS's treasury strategy and its potential influence on share price, amid growing interest in digital assets, underscores its importance.
This strategic collaboration positions STSS for sustained growth in digital assets, indicating a long-term investment appeal, akin to how Microsoft's partnership with LinkedIn benefitted both companies over multiple quarters.
NEW YORK, Oct. 9, 2025 /PRNewswire/ -- Sharps Technology, Inc. ("STSS" or the "Company") (NASDAQ:STSS) and Coinbase Global, Inc ("Coinbase"), one of the world's largest digital asset services platforms, today announced a strategic collaboration whereby STSS will expand its previously announced Solana digital asset treasury strategy with Coinbase. STSS has acquired over 2 million SOL to-date, which are currently valued at over $400 million with SOL trading at over $210.
"Coinbase is an ideal platform for STSS as it seeks to leverage its digital asset treasury strategy to help advance decentralized finance," said James Zhang, Strategic Advisor to STSS. "By utilizing Coinbase's suite of products, STSS can enjoy the institutional-grade infrastructure, deep liquidity, and competitive pricing required to effectively manage a leading Solana treasury."
The Company intends to utilize Coinbase Prime's custody infrastructure and OTC desk products as part of this collaboration. The partnership emphasizes STSS's support for the global adoption of digital assets and commitment to working with secure and regulated digital asset service providers.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this release other than statements of historical fact are forward-looking statements, including statements regarding the Company's execution of its Solana digital asset treasury strategy, the anticipated benefits of its partnership with Coinbase, and the potential opportunities such initiatives may create for retail and institutional audiences. Forward-looking statements are based on current expectations, assumptions, and beliefs, and involve risks and uncertainties that could cause actual results to differ materially.
These risks and uncertainties include, among others: the Company's ability to successfully execute its Solana treasury strategy; volatility in the market price of SOL and other digital assets; changes in the regulatory or legal environment; competitive pressures; and general market, economic, and business conditions. Additional risks are described in the "Risk Factors" section of the Company's filings with the Securities and Exchange Commission (the "SEC"), which are available on the SEC's website at www.sec.gov.
Forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future developments, or otherwise, except as required by law.
About Sharps Technology
Sharps Technology is a medical device sales and distribution company that has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain, leveraging capital markets raises to power on-chain yield generation with the Solana Ecosystem. For additional information, please visit www.sharpstechnology.com.
Contact
Prosek Partners for Sharps Technology
Pro-SharpsTechnology@Prosek.com
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SOURCE Sharps Technology Inc