STSS Achieves 7% Annual Yield on Staking
Treasury Updates: Staking: Since inception, STSS's validator partners have generated ~7% gross annual percentage yield before fees, outperforming the Solana network average. Nearly all of the Company's SOL holdings are currently staked. Balance Sheet: STSS continues to maintain sufficient operating capital and has no corporate debt. Recent Operational Highlights: In January, STSS announced a lock-up agreement with its Strategic Advisor to restrict sales of its advisory warrants and any underlying shares. The Strategic Advisor has also confirmed none of its advisory warrants and underlying shares have been sold or hedged prior to this agreement. In January, STSS launched a jointly supported institutional-grade Solana validator in partnership with Coinbase, to which STSS has delegated a portion of its SOL treasury holdings.
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Sharps Technology to Enhance Solana Treasury Approach in Partnership with Coinbase
Collaboration with Coinbase: Sharps Technology is expanding its Solana digital asset treasury strategy through a strategic partnership with Coinbase Global, utilizing Coinbase Prime's custody and OTC desk services.
Acquisition of SOL: The company has acquired over 2 million SOL, valued at over $400 million, with the cryptocurrency currently trading above $210.
