Sharps Technology announced a strategic collaboration with BitGo to institutionalize and scale the company’s Solana digital treasury. The firm, listed on Nasdaq under the ticker STSS, will centralize custody, staking, and liquidity execution for its SOL holdings through BitGo’s institutional infrastructure.
The company will use the qualified custody services of BitGo Bank & Trust, a federally chartered bank regulated by the OCC, to consolidate its digital assets. It will also integrate BitGo’s institutional validator services to stake more than 2 million SOL tokens held in the corporate treasury. The platform will additionally include OTC services for liquidity execution.
Sharps adopted a Solana-focused digital treasury strategy and funded its token accumulation through a private placement exceeding $400 million. The assets will be deployed across multiple validators within the ecosystem, including BitGo’s own validator, under a unified operational architecture.
The collaboration will establish a centralized operational foundation for the management of high-value digital assets. At the time of writing, Sharps shares were trading around $1.64 in Nasdaq premarket trading.
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