Sharps Technology partners with BitGo for Solana treasury management

Sharps Technology Inc. (NASDAQ: STSS) announced a collaboration with BitGo Bank & Trust, National Association to expand its Solana digital asset treasury strategy through institutional-grade services.

The medical device company will utilize BitGo's qualified custody services through its OCC-regulated entity, along with Solana staking validator services to earn rewards on SOL holdings and over-the-counter trading capabilities. The partnership consolidates custody, staking, and liquidity execution within a single institutional platform.

Under the arrangement, STSS will deploy SOL through BitGo's platform to various validators, including BitGo's own validator, as part of its strategy to support the Solana network.

"BitGo is an ideal partner for STSS as it continues to scale its Solana digital asset treasury strategy with institutional-grade security and operational excellence," said James Zhang, Strategic Advisor to STSS.

Mike Belshe, CEO and Co-Founder of BitGo, stated that the partnership provides STSS with "a centralized operational foundation and secure workflows for managing digital assets" through BitGo's qualified custody combined with validator participation, staking support, and OTC trading execution.

Sharps Technology operates as a medical device and pharmaceutical packaging company, offering safety syringe products to the healthcare industry. The company has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain.

BitGo (NYSE: BTGO) provides digital asset infrastructure services including custody, wallets, staking, and trading from regulated cold storage. The company operates BitGo Bank & Trust, National Association, a federally chartered digital asset trust bank.

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