Sharps Technology and Jupiter Exchange Announce Staking Partnership to Accelerate Solana Adoption

Rhea-AI Summary

Sharps Technology (NASDAQ: STSS) has announced a strategic partnership with Jupiter Exchange, a leading Solana DeFi superapp, to enhance its Solana digital asset treasury strategy. STSS will stake a portion of its SOL holdings into Jupiter's validator and JupSOL platform.

The company recently acquired over 2 million SOL tokens (valued at approximately $400 million at SOL's current price of $220+) through a PIPE transaction. Jupiter Exchange has processed over $2 trillion in lifetime trading volume and operates one of Solana's top three largest validators by staked tokens.

Through this partnership, STSS aims to earn staking yields while expanding liquidity in the Jupiter and Solana ecosystems, demonstrating its commitment to supporting Solana's network validation and economic security.

Positive

• Acquisition of over 2 million SOL tokens valued at approximately $400 million
• Partnership with Jupiter Exchange, which has $2 trillion in lifetime trading volume
• Potential revenue generation through staking yields
• Strategic alignment with one of Solana's top three largest validators

Negative

• High exposure to SOL token price volatility
• Regulatory uncertainty in the digital asset space
• Significant concentration of assets in a single cryptocurrency

NEW YORK, Sept. 23, 2025 /PRNewswire/ -- Sharps Technology, Inc. ("STSS" or the "Company") (NASDAQ: STSS), a medical device company with a Solana digital asset treasury strategy, and Jupiter Exchange ("Jupiter"), one of Solana's leading decentralized finance (DeFi) superapps, today announced a strategic partnership to utilize Jupiter's staking infrastructure as part of STSS's treasury strategy. Jupiter is one of the largest decentralized trading platforms, with over $2 trillion in lifetime trading volume.

As part of this collaboration, STSS intends to directly stake a portion of its SOL into Jupiter's validator through native staking, marking a significant step in Solana's growth story, as Jupiter's Solana validator is one of the top three largest validators on Solana by staked tokens. STSS and Jupiter also intend to stake a portion of STSS assets to JupSOL, Jupiter's liquid staking token (LST) platform. This partnership emphasizes STSS's dedication to support the validation and economic security of the Solana network in alignment with major Solana ecosystem players.

The Company recently acquired over two million SOL, currently valued at more than $400 million with SOL trading at over $220, funded through a private investment in public equity (PIPE) transaction. By injecting capital into Jupiter's validator and JupSOL, respectively, STSS intends to earn staking yields, while also expanding liquidity in the Jupiter and Solana ecosystems.

"Jupiter is Solana's leading DeFi superapp. It provides a full suite of trading products (spot, perps, and mobile) and DeFi tools (token creation, yield generation, and portfolio review) to give both new and pro users a comprehensive experience. It has the most integrated set of APIs on Solana, making it both the leading DeFi product and the leading DeFi platform," said James Zhang, Strategic Advisor to STSS. "This partnership underscores our commitment to supporting the most ambitious builders in the Solana universe. By aligning with Jupiter, STSS will look to create new opportunities to enhance shareholder value, while simultaneously strengthening Solana's connection with public markets."

"We are excited to partner with STSS because of their management team's history of alignment with the Solana ecosystem, their ability to run Solana-native DeFi strategies, and the depth of the network the founders have within the Solana ecosystem," said Siong, co-founder of Jupiter. "We look forward to growing the Solana pie together with STSS, and believe STSS is well-positioned to increase awareness and excitement about the Jupiter product suite."

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 partnership with Jupiter Exchange, 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.

About Jupiter Exchange

Jupiter Exchange is one of the largest decentralized trading platforms, with over $2 trillion in lifetime trading volume. Originally launched as Solana's premier DEX aggregator, Jupiter has since expanded into perpetual trading, a native mobile app, liquidity infrastructure, and now lending.

Contact

Prosek Partners for Sharps Technology
Pro-SharpsTechnology@Prosek.com

Jupiter Exchange
partnerships@jup.ag

 

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SOURCE Sharps Technology Inc

FAQ

What is the value of Sharps Technology's (STSS) SOL holdings in 2025?

Sharps Technology holds over 2 million SOL tokens valued at more than $400 million, with SOL trading at over $220 per token.

What is the partnership between STSS and Jupiter Exchange?

STSS will stake its SOL tokens through Jupiter's validator infrastructure and JupSOL platform, utilizing Jupiter's position as one of Solana's top three largest validators.

How much trading volume has Jupiter Exchange processed?

Jupiter Exchange has processed over $2 trillion in lifetime trading volume as one of Solana's leading decentralized finance platforms.

How will STSS generate revenue from its SOL holdings?

STSS intends to earn staking yields by staking SOL tokens through Jupiter's validator and JupSOL liquid staking token platform.

What risks does STSS face with its Solana treasury strategy?

Key risks include SOL price volatility, regulatory uncertainties in digital assets, and market conditions that could affect actual results.