Sharps Technology chooses Coinbase for Solana treasury custody

Sharp Technology said on Friday it plans to expand its previously announced Solana digital asset treasury strategy with ￰0￱ digital asset service platform has acquired over 2 million SOL to date, which are valued at over $437 million at current SOL ￰1￱ Technology said the initiative aims to leverage Coinbase Prime’s custody infrastructure and OTC desk products as part of the ￰2￱ firm added that the collaboration shows its support for the global adoption of digital assets and commitment to working with regulated digital asset service ￰3￱ believes Coinbase can effectively manage a leading SOL treasury James Zhang, a strategic advisor to STSS, argued that Coinbase is an ideal platform for STSS, as it seeks to utilize its digital asset treasury strategy to help advance ￰4￱ also acknowledged that Sharps Technology chose Coinbase for its institutional-grade infrastructure, deep liquidity, and competitive pricing, which are required to effectively manage the leading Solana treasury.

On-chain data shows that Sharps Technology currently ranks 4th among Solana treasury ￰5￱ firm’s treasury strategy could help it pull ahead of other Solana treasury companies, including Helius, DeFi Development, and Upexi, all of which have a little over 2 million SOL tokens in their balance ￰6￱ the time of publication, Solana is exchanging hands at $220, down 3.15% in the last 24 ￰7￱ the drop, SOL is still up more than 56.5% in the last 12 ￰8￱ acknowledged that Solana is the next evolution in global finance, adding that it’s the top in staking yield, chain revenue, and app revenue amongst all major ￰9￱ also believes that the firm’s digital asset treasury will generate significant long-term value for Sharp Technology’s shareholders.

“We believe our digital asset-native advisory team, defined accumulation strategy, and partnerships with top-tier asset managers position us well to become a leading SOL treasury.” – Paul Danner , Executive Chairman of Sharps ￰10￱ Prime has also tapped into other crypto treasury companies, including the largest Bitcoin holder, ￰11￱ stated at the time that its mission is to create an open financial system, enabling companies to recognize the value of digital assets in growing the cryptocurrency ￰12￱ and Sharps Technology also partnered in late September to enable STSS to use Crypto. com’s institutional-grade custody infrastructure and OTC desk to manage its digital asset ￰13￱ noted that the digital asset platform offers deep liquidity, competitive pricing, and discreet execution to manage its digital asset ￰14￱ said the initiative to deploy a portion of its capital through ￰15￱ into its Solana treasury is meant to generate yield while simultaneously expanding liquidity across the Solana ￰16￱ launches a stock repurchase program worth $100M STSS announced on October 2 a stock repurchase program to acquire up to $100 million of its outstanding common ￰17￱ firm stated that the initiative will enable the treasury company to repurchase its shares in the open market and through negotiated ￰18￱ Solana treasury firm, DeFi Development, approved to increase the company’s stock repurchase program from $1 million to up to $100 ￰19￱ the time of publication, DeFi Development is the second-largest Solana treasury company, holding slightly more than 2 million SOL, worth nearly $460 ￰20￱ Development partnered with Superteam Japan to establish Japan’s first Solana treasury project called DFDV ￰21￱ treasury firm said the project will target companies seeking on-chain treasury strategies that can scale with staking yield, validator revenue, and ecosystem ￰22￱ to the report, the program will mainly focus on operational compounding rather than passive ￰23￱ Medical Technologies revealed on Friday plans to expand its Solana treasury to at least 5% of the SOL ￰24￱ Nasdaq-listed firm is also considering a second listing in Hong ￰25￱ DAT firm currently holds more than 2.2 million ￰26￱ your strategy with mentorship + daily ideas - 30 days free access to our trading program