cryptonews.net
Sharps Technology, Inc. (NASDAQ: STSS), a medical device company with a Solana-based digital asset strategy, has announced a partnership with Jupiter Exchange, one of the largest decentralized finance platforms in the Solana ecosystem. The agreement will allow Sharps Technology to use Jupiter’s staking infrastructure as part of its treasury management.
As part of the partnership, Sharps Technology plans to allocate a portion of its Solana holdings directly into Jupiter’s validator through native staking. Jupiter’s validator is among the three largest on the network by tokens staked. In addition, the company intends to stake part of its assets in JupSOL, Jupiter’s liquid staking token platform.
The move comes after Sharps Technology acquired more than two million SOL through a private investment in a public equity transaction. At current market prices above $220 per SOL, the holdings are valued at more than $400 million. By staking assets in Jupiter’s validator and JupSOL, Sharps Technology aims to earn staking rewards and contribute to liquidity and security in the Solana ecosystem.
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