Solana News Today: Sharps Leverages Coinbase to Secure Institutional-Grade Solana Treasury

Sharps Technology, Inc. (NASDAQ: STSS) has announced a strategic collaboration with Coinbase Global, Inc. (NASDAQ: COIN) to manage its Solana (SOL) digital asset treasury, valued at over $435 million. The partnership leverages Coinbase Prime's institutional-grade custody infrastructure and over-the-counter (OTC) trading capabilities to secure and scale the company's holdings, which include more than 2 million SOL tokens . This move positions Sharps as one of the largest corporate holders of Solana tokens, with the asset currently trading above $210 .

The collaboration underscores Sharps' commitment to decentralized finance (DeFi) and institutional-grade digital asset management. James Zhang, Strategic Advisor to STSS, emphasized that Coinbase's platform provides the liquidity, security, and pricing efficiency required to manage a leading Solana treasury . The company's strategy aligns with broader institutional adoption trends, as it seeks to capitalize on Solana's high-performance blockchain ecosystem for on-chain yield generation and treasury diversification .

Sharps' Solana holdings were accumulated through a $400 million private investment in public equity (PIPE) deal in August 2025, backed by firms such as ParaFi Capital, Pantera Capital, and Monarq Asset Management . The company also signed a memorandum of understanding with the Solana Foundation to acquire $50 million worth of SOL at a 15% discount to its 30-day average price. This strategic acquisition, combined with the recent $100 million stock repurchase program, reflects Sharps' dual focus on shareholder value and blockchain innovation .

The partnership with Coinbase includes access to deep liquidity networks, regulatory compliance frameworks, and secure custody solutions tailored for large-scale digital asset portfolios. Coinbase Prime's services are designed to mitigate risks associated with market volatility and regulatory uncertainty, which remain critical challenges for corporate treasuries in the crypto space . Sharps' decision to partner with a regulated provider aligns with growing industry demands for transparency and institutional-grade security, particularly as more public companies explore digital asset allocations .

The Solana treasury strategy has positioned Sharps alongside other institutional players, such as Helius and Forward Industries, which collectively hold over 10 million SOL tokens. Forward Industries, which raised $1.65 billion in September 2025, leads with 6.8 million SOL, while Sharps' holdings rank among the top three institutional Solana treasuries . This competitive landscape highlights Solana's emergence as a preferred blockchain for institutional adoption, driven by its scalability and low transaction costs.

Sharps Technology's pivot to blockchain-based treasury management has been accompanied by significant capital market activity. The company's recent stock repurchase program, authorizing up to $100 million in buybacks, aims to balance its balance sheet while maintaining exposure to Solana's ecosystem . Analysts note that the company's dual approach-combining traditional capital markets with DeFi-could serve as a model for other firms navigating the integration of digital assets into corporate finance .

Sharps Technology Inc (https://www.sharpstechnology.com/investors/news/coinbase-partnership)

Cryptonews.com (https://cryptonews.com/news/sharps-technology-moves-435m-solana-treasury-to-coinbase-will-it-top-rivals/)

Marketchameleon.com (https://marketchameleon.com/articles/b/2025/10/9/sharps-technology-expands-solana-treasury-with-coinbase-partnership)

Coincentral.com (https://coincentral.com/sharps-technology-stss-stock-coinbase-partnership-fuels-400m-solana-treasury-expansion/)

Benzinga.com (https://www.benzinga.com/trading-ideas/movers/25/10/48123090/sharps-technology-bets-big-on-solana-with-new-coinbase-partnership)

Theblock.co (https://www.theblock.co/post/374067/solana-treasury-company-sharps-technology-taps-coinbase-for-custody-liquidity-and-otc-trading-support)

Livebitcoinnews.com (https://www.livebitcoinnews.com/sharps-technology-partners-with-coinbase-to-manage-435m-solana-treasury/)

Coinpaper.com (https://coinpaper.com/11516/sharps-technology-partners-with-coinbase-to-strengthen-400-m-solana-treasury)