Key Takeaways
- Sharps Technology, previously focused on medical devices, is now building a digital asset treasury centered on the Solana blockchain.
- They have strengthened their treasury management by partnering with Coinbase for institutional custody and secure asset management.
Sharps Technology, a Nasdaq-listed company focused on building a Solana-based digital asset treasury, today announced a strategic collaboration with Coinbase to expand its previously announced Solana treasury strategy.
The collaboration leverages Coinbase’s institutional custody and treasury management services to support Sharps Technology’s digital asset operations on the Solana blockchain platform.
Sharps Technology recently pivoted from medical devices to focus on managing a substantial Solana treasury through strategic partnerships and acquisitions.
Coinbase Global has been expanding its institutional services for digital asset custody and treasury management, including support for blockchain networks like Solana. The exchange is providing institutional infrastructure to enable secure asset safeguarding and flexible deployment within the Solana network.
Sharps Technology’s shift reflects a broader trend among firms pivoting from traditional sectors to crypto treasury strategies, with plans for stock buybacks to strengthen shareholder value tied to digital assets.
Source: https://cryptobriefing.com/sharps-technology-solana-coinbase-treasury-strategy/