Sharps Technology Partners with Coinbase to Strengthen $400M Solana Treasury

Sharps Technology, Inc. (NASDAQ: STSS) is deepening its commitment to digital assets through a new collaboration with Coinbase Global, ￰0￱ partnership marks a major step in the company’s long-term strategy to build one of the largest Solana-based treasuries in the corporate ￰1￱ integrating Coinbase’s institutional-grade infrastructure, STSS aims to strengthen its position within decentralized finance while promoting broader adoption of digital ￰2￱ Treasury Management with Coinbase According to the press release , STSS has accumulated over two million Solana (SOL) tokens, valued at more than $400 million with SOL trading above $210. The firm intends to leverage Coinbase Prime’s custody and OTC desk solutions to optimize its treasury ￰3￱ to strategic advisor James Zhang, Coinbase provides the deep liquidity, security, and execution efficiency required to manage a major digital asset portfolio.

Moreover, this move highlights STSS’s confidence in Solana’s ecosystem and its growing relevance in institutional ￰4￱ custody, Coinbase’s infrastructure offers the scalability needed to handle volatile markets and large trades ￰5￱ collaboration could position STSS as a key corporate player bridging traditional finance and blockchain-based asset management. Hence, its decision aligns with a broader industry trend where companies are actively diversifying into crypto-based treasuries for growth and value preservation. Solana’s Technical Structure Signals Macro Bullish Setup Despite a slight dip in Solana’s price to around $218, analysts remain overwhelmingly ￰6￱ Sensei, a popular market analyst, describes the current chart as “absurdly bullish,” highlighting a multi-year cup-and-handle formation nearing ￰7￱ pattern began after the 2021 peak and formed a curved accumulation base through 2022 and ￰8￱ lows from $8 to $200 indicate strong institutional positioning and sustained demand.