Sharps Technology and Coinbase Expand Relationship with Launch of Institutional-Grade Solana Validator

Rhea-AI Summary

Sharps Technology (NASDAQ: STSS) and Coinbase Institutional launched the STSS Validator, an institutional-grade validator on the Solana network operated by Coinbase and built on its institutional infrastructure. As part of the initiative, STSS will delegate more than 2 million SOL from its digital asset treasury to the Coinbase-operated validator, shifting from a treasury-only participant to an active contributor to Solana's security and decentralization. The partnership leverages Coinbase custody, OTC, staking, and validator operations to prioritize uptime, operational rigor, and long-term reliability. STSS is among the first U.S.-listed companies to move into blockchain infrastructure participation.

Positive

• Delegating >2 million SOL to Coinbase-operated validator
• Partnering with Coinbase Institutional for validator operations
• Shifts from treasury-only to active blockchain infrastructure participant

Negative

• None.

News Market Reaction

+7.41% 4.7x vol

5 alerts

+7.41% News Effect

+9.4% Peak in 28 hr 11 min

+$4M Valuation Impact

$62M Market Cap

4.7x Rel. Volume

On the day this news was published, STSS gained 7.41%, reflecting a notable positive market reaction. Argus tracked a peak move of +9.4% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $4M to the company's valuation, bringing the market cap to $62M at that time. Trading volume was very high at 4.7x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Price change: -27.03% Relative volume: 11.39x SOL treasury: >2 million SOL +5 more

8 metrics

Price change -27.03% Move prior to validator news publication

Relative volume 11.39x Today vs 20-day average (5,655,163 vs 496,315 shares)

SOL treasury >2 million SOL Portion to be delegated to Coinbase-operated STSS validator

PIPE size $411 million Private investment referenced in Nov 17, 2025 Q3 update

Staking & FV gains $17.7 million Combined Q3 2025 staking revenue and digital-asset fair value gains

Liquidity $25.2 million Cash and stablecoin liquidity as of Sept 30, 2025

Buyback authorization $100 million Stock repurchase program announced Oct 2, 2025

Potential warrant proceeds $614,837,807.75 Maximum gross proceeds if all S-3 registered warrants are exercised

Market Reality Check

Price: $2.30 Vol: Volume 5,655,163 is 11.39...

high vol

$2.30 Last Close

Volume Volume 5,655,163 is 11.39x the 20-day average of 496,315, indicating unusually heavy trading ahead of this news. high

Technical Shares closed at 1.89, trading below the 200-day moving average of 5.99 and far under the 672.00 52-week high.

Peers on Argus

STSS fell 27.03% on very high volume, while key medical device peers showed only...

STSS fell 27.03% on very high volume, while key medical device peers showed only modest moves: OSUR -1.5%, STXS -3.09%, INFU -3.02%, NYXH +2%, UTMD +1.3%. This points to a stock-specific reaction tied to its Solana/crypto strategy rather than a broad sector move.

Historical Context

5 past events · Latest: Nov 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 17	Q3 results & pivot	Positive	-7.1%	Reported Q3 growth, SOL treasury scale, exit from legacy manufacturing.
Oct 09	Coinbase collaboration	Positive	+0.5%	Expanded Solana treasury strategy using Coinbase Prime custody and OTC.
Oct 02	Stock buyback plan	Positive	-0.4%	Announced <b>$100 million</b> share repurchase program alongside SOL treasury.
Sep 29	Crypto.com partnership	Positive	+2.7%	Partnered with Crypto.com to manage >2M SOL and Solana ecosystem liquidity.
Sep 23	Jupiter staking deal	Positive	-11.1%	Staking partnership with Jupiter Exchange using >2M SOL from PIPE.

Pattern Detected

Recent positive strategic and crypto-related announcements have often seen mixed-to-negative next-day price reactions, suggesting a pattern of sell-the-news or skepticism toward the Solana-focused pivot.

Recent Company History

Over the last few months, Sharps Technology has transformed from a legacy syringe manufacturer into a Solana-focused digital-asset and medical device platform. On Sep 23, 2025 and Sep 29, 2025, it announced major Solana partnerships and a >2 million SOL position, followed by a $100 million buyback on Oct 2, 2025 and a Coinbase treasury expansion on Oct 9, 2025. Q3 2025 results on Nov 17, 2025 highlighted strong digital-asset-driven growth. Today’s validator launch extends that same Solana-centric strategy.

Regulatory & Risk Context

Active S-3 Shelf · $614,837,807.75

Shelf Active

Active S-3 Shelf Registration 2025-10-23

$614,837,807.75 registered capacity

An active Form S-3 resale shelf dated 2025-10-23 registers private placement shares and multiple warrant classes. The company itself is not selling shares but could receive up to $614,837,807.75 in gross proceeds if all registered warrants are exercised, highlighting substantial potential warrant overhang tied to its SOL-focused strategy.

Market Pulse Summary

The stock moved +7.4% in the session following this news. A strong positive reaction would align wit...

Analysis

The stock moved +7.4% in the session following this news. A strong positive reaction would align with past enthusiasm for Sharps’ Solana strategy, but prior events show mixed follow-through, with some positive crypto news followed by declines. Investors have faced substantial warrant overhang via the S-3 allowing up to $614,837,807.75 in potential proceeds from exercises. Sustainability of any surge would likely depend on confidence in managing digital-asset volatility and execution across its validator and treasury initiatives.

Key Terms

validator, solana, staking, prime brokerage, +4 more

8 terms

validator technical

"launch of a jointly supported institutional-grade validator on the Solana network"

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

solana technical

"a Solana-based digital asset treasury strategy, today announced the expansion"

Solana is a blockchain platform and its native digital token (SOL) that records and secures fast, low-cost transactions and runs apps without a central company—think of it as a public, high-speed ledger that handles lots of small tasks quickly. Investors care about Solana because the token’s price tends to reflect how much the network is used, how reliable and secure it is, and shifts in broader crypto markets and regulation, so outages, adoption or rule changes can move its value.

staking technical

"custody, prime brokerage, derivatives, staking, and trading services"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

prime brokerage financial

"a leading provider of custody, prime brokerage, derivatives, staking, and trading"

A prime brokerage is a bundle of front- and back-office services provided by large financial firms to professional investors such as hedge funds; it includes safekeeping of assets, trade execution, margin financing, securities lending and operational support. Think of it as a one-stop backstage team that supplies muscle, credit and logistics so active investors can trade more efficiently and with leverage—information that matters to investors because the choice of prime broker affects funding costs, counterparty risk and a fund’s ability to operate smoothly.

custody financial

"a leading provider of custody, prime brokerage, derivatives, staking, and trading"

Custody is the safekeeping and management of financial assets, such as stocks or bonds, by a specialized institution on behalf of an investor. It ensures that the assets are securely stored, properly maintained, and accurately accounted for, similar to how a bank safely holds valuables for a customer. This arrangement gives investors confidence that their assets are protected and properly managed, allowing them to focus on their investment goals.

otc financial

"through which STSS leverages Coinbase’s custody, OTC, and operational infrastructure"

OTC stands for "over-the-counter" and describes securities that trade directly between dealers or via dealer networks rather than on a formal stock exchange. It matters to investors because OTC listings typically have fewer reporting rules and lower trading volume, which can mean higher price swings, limited liquidity, and greater difficulty buying or selling shares—similar to shopping at a small flea market instead of a large, regulated supermarket.

onchain technical

"“Institutions are moving onchain with greater speed and conviction, and our role"

"Onchain" describes activities, transactions, or data that happen directly on a blockchain, which is a digital ledger that records information transparently and securely. For investors, onchain activities provide real-time insights into how assets are moving and how networks are functioning, helping them make more informed decisions. Think of it as watching transactions happen live on a public record, similar to seeing a receipt posted online immediately after a purchase.

validator operations technical

"Supporting Sharps Technology through validator operations reflects our commitment"

Validator operations are the running and maintenance of the machines or services that check, confirm and add transactions to a blockchain ledger; think of them as the referees or cashiers that keep a digital payment system honest and running. Investors care because validators earn fees and staking rewards but also carry technical and security risks — poor maintenance, downtime, or rule violations can reduce returns or lead to penalties that affect the value of associated tokens.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (“STSS” or the “Company”) (NASDAQ: STSS), a medical device company implementing a Solana-based digital asset treasury strategy, today announced the expansion of its relationship with Coinbase Institutional, a leading provider of custody, prime brokerage, derivatives, staking, and trading services, through the launch of a jointly supported institutional-grade validator on the Solana network.

The STSS Validator, operated by Coinbase and built on Coinbase Institutional’s market-proven infrastructure stack, represents a meaningful shift for the company as it moves from a Solana treasury participant to a direct contributor to the security and decentralization of the network.

Under this expanded initiative, STSS will delegate a portion of its SOL treasury holdings, currently more than 2 million SOL, to its newly established Coinbase-operated validator. The expanded relationship brings together Coinbase’s institutional-grade infrastructure, security standards, and proven validator operations, to ensure high uptime, operational rigor, and long-term reliability.

This expansion builds on the company’s existing relationship with Coinbase Institutional, through which STSS leverages Coinbase’s custody, OTC, and operational infrastructure as part of its broader digital asset treasury strategy.

“Launching the STSS Validator is an extension of STSS’s participation in the growth, decentralization, and security of the Solana network,” said James Zhang, Strategic Advisor to STSS. “We are excited STSS is partnering with Coinbase to launch new products given Coinbase’s operational excellence and institutional-grade infrastructure.”

"Institutions are moving onchain with greater speed and conviction, and our role is to make their entry seamless and secure," said Ryan Ballantyne, Head of Corporate Client Strategy, Coinbase Institutional. "Supporting Sharps Technology through validator operations reflects our commitment to delivering infrastructure that meets institutional standards for security, compliance, and operational reliability."

With this validator launch, STSS becomes one of the first U.S.-listed companies to evolve from a treasury-only approach to an active infrastructure participant in blockchain development.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this release other than statements of historical fact are forward-looking statements, including statements regarding the Company’s execution of its Solana digital asset treasury strategy, the anticipated benefits of its collaboration with Coinbase, and the potential opportunities such initiatives may create for retail and institutional audiences. Forward-looking statements are based on current expectations, assumptions, and beliefs, and involve risks and uncertainties that could cause actual results to differ materially.

These risks and uncertainties include, among others: the Company’s ability to successfully execute its Solana treasury strategy; volatility in the market price of SOL and other digital assets; changes in the regulatory or legal environment; competitive pressures; and general market, economic, and business conditions. Additional risks are described in the “Risk Factors” section of the Company’s filings with the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website at www.sec.gov.

Forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future developments, or otherwise, except as required by law.

About Sharps Technology

Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class, smart-safety syringe products to the healthcare industry. The Company's product lines focus on providing ultra-low waste capabilities that incorporate syringe technologies that use both passive and active safety features.

The Company has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain, leveraging capital markets raises to power on-chain yield generation with the Solana Ecosystem.

Contact
ir@sharpstechnology.com

FAQ

What did STSS announce on January 12, 2026 regarding Solana?

STSS launched the STSS Validator on Solana, operated by Coinbase Institutional, and will delegate more than 2 million SOL.

How will the STSS Validator be operated and secured for investors?

The validator is operated by Coinbase Institutional using its institutional-grade infrastructure to ensure high uptime, security, and operational rigor.

What does STSS delegating >2 million SOL mean for the company (STSS)?

STSS will delegate a portion of its SOL treasury holdings—reported as more than 2 million SOL—to support validator operations on Solana.

Is STSS the first U.S.-listed company to run a Solana validator?

STSS is described as one of the first U.S.-listed companies to evolve from a treasury-only approach to active infrastructure participation on Solana.

What Coinbase services does STSS leverage as part of this expansion?

STSS leverages Coinbase custody, OTC, staking, and Coinbase Institutional's validator operations and infrastructure.