Catenaa, Friday, October 17, 2025-Sharps Technology, a Solana-focused treasury firm, has partnered with Coinbase Global to enhance its digital asset management and Solana accumulation strategy.
The collaboration will provide institutional-grade custody, liquidity, and over-the-counter trading support through Coinbase Prime, the exchange’s platform for professional investors.
The company, which trades on Nasdaq under the ticker STSS, currently holds more than 2 million SOL tokens valued at roughly $435 million, according to The Block’s data.
James Zhang, a strategic advisor to Sharps, said the partnership will allow the firm to benefit from Coinbase’s infrastructure and deep market liquidity to optimize treasury performance.
Sharps joins a growing number of corporate crypto treasuries using Coinbase Prime, including Strategy, the largest public Bitcoin holder.
The move positions Sharps alongside other Solana digital asset treasuries such as Helius, DeFi Development Corp., and Upexi, each holding over 2 million SOL, though still behind Forward Industries, which controls 6.8 million tokens.
Originally a small-cap medical device maker, Sharps pivoted toward crypto investment in August with backing from ParaFi Capital and Pantera Capital.
The firm aims to become the largest Solana digital asset treasury while expanding its institutional partnerships.
Sharps recently announced plans to repurchase up to $100 million of its outstanding common stock, signaling confidence in its long-term strategy.
The partnership with Coinbase underscores the growing institutional interest in Solana as a key blockchain ecosystem for corporate treasury diversification.
Sharps Technology partnered with Coinbase Prime to manage over 2 million SOL in custody, liquidity, and trading as it aims to lead Solana’s corporate treasury space.
