Sharps Technology Reports Strong Growth in Q3 2025 as it Advances Execution of Treasury Strategy

Rhea-AI Summary

Sharps Technology (NASDAQ:STSS) reported Q3 2025 results and updates on its Solana-based treasury and capital markets initiatives dated November 17, 2025. Key facts: a $411 million PIPE (funded with $267M cash/stablecoins and $144M SOL), > 2.0 million SOL in treasury as of Oct 31, 2025, and ~$17.7 million of combined staking revenue and digital-asset fair-value gains in Q3. Cash and stablecoin liquidity was approximately $25.2 million as of Sept 30, 2025. The company completed exit from legacy syringe manufacturing and settled prior litigation, refocusing on medical device distribution and maximizing its SOL treasury.

Positive

• $411 million PIPE financing completed
• Treasury holds > 2.0 million SOL as of Oct 31, 2025
• $17.7 million Q3 staking revenue and fair-value gains
• Exit from legacy syringe manufacturing completed
• Settlement closed with prior litigation counterparties

Negative

• Cash and stablecoin liquidity only $25.2 million as of Sept 30, 2025
• PIPE included $144 million funded in SOL, increasing crypto exposure
• Company notes volatility in SOL as a stated risk

Insights

Equity Analyst

Sharps strengthened its balance sheet via a $411 million PIPE and a >2.0 million SOL treasury, creating meaningful near-term digital-asset income.

By raising gross proceeds of $411 million—including $267 million in cash and stablecoins and $144 million in SOL—and retaining over 2.0 million SOL in its treasury, the company has created a capital base that funds operations and produces crypto-native yield. The business focus now centers on medical device distribution and actively managing a Solana-based treasury that generated about $17.7 million of combined staking revenue and fair-value gains in Q3 2025.

Execution depends on three concentrated factors: SOL price stability and staking performance, the company’s ability to convert digital-asset returns into usable liquidity (cash and stablecoins), and disciplined reinvestment into the distribution business. Reported cash and stablecoin liquidity of roughly $25.2 million as of September 30, 2025 plus exercised warrants providing modest proceeds show some immediate runway, but the model remains sensitive to digital-asset market volatility and regulatory changes cited in the release.

Watch near-term milestones: continued staking revenue and fair-value movements across the Solana holdings, updates in the Q4 2025 filings that show cash conversion or realized gains, and any disclosures on how proceeds from the $411 million PIPE will be allocated between treasury, operations, and potential M&A. Expect the next meaningful data points in the company’s upcoming SEC filings and quarterly updates within the next fiscal quarter.

NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (“STSS” or the “Company”), a U.S.-based medical device sales and distribution platform that has adopted a Solana-based treasury strategy, today announced financial results for the third quarter ended September 30, 2025, and provided updates on the execution of its capital markets and digital asset initiatives.

“The third quarter was transformative for Sharps Technology,” said Paul K. Danner, Executive Chairman. “Our adoption of a Solana-based treasury strategy, combined with a successful $411 million PIPE financing, has created the strongest balance sheet in the Company’s history. With more than two million SOL in our treasury, growing staking rewards, and a more efficient operating model, Sharps is now better positioned to pursue more viable business strategies and deliver long-term value for shareholders.”

Key Highlights from Q3 2025:

• The Company raised gross proceeds of $411 million through a PIPE funded with $267 million in cash and stablecoins and $144 million in SOL.
• As of October 31, 2025, STSS holds over 2.0 million SOL in its treasury. 
• In the third quarter, STSS generated approximately $17.7 million of combined staking revenue and digital-asset fair-value gains. The Company’s cash and stablecoin liquidity stands at approximately $25.2 million as of September 30, 2025.
• STSS warrantholders exercised 315,805 Series A warrants for net proceeds of $1.9 million and 388,462 pre-funded warrants were exercised for nominal cash consideration.
• The Company entered into a settlement agreement with Barry Berler, Plastomold Industries Ltd., Plasto Design entities, and Plasto Technology Group LLC providing for full mutual releases and closing all claims associated with prior litigation.
• Sharps Technology completed its planned exit from legacy syringe manufacturing, significantly streamlining operations and reducing ongoing costs. With this transition, the Company is now fully focused on two strategic priorities: (1) sale and distribution of medical device products, and (2) maximizing the value of its SOL-based digital asset treasury. Together, these initiatives position the Company to drive higher margins, strengthen its financial profile, and enhance long-term shareholder value.
  
  

Going forward, Sharps enters the fourth quarter of 2025 with a significantly strengthened financial position, meaningful digital asset income streams, and a simplified operating footprint. Management remains focused on maintaining its medical device distribution business, optimizing yields across its Solana ecosystem holdings, and leveraging capital markets access to support long-term growth.

For more detailed information, please refer to the Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2025 filed with the U.S. Securities and Exchange Commission, and accessible at www.sec.gov.

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 and the potential opportunities such initiatives may create. 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 a medical device sales and distribution company that has adopted a digital asset treasury strategy focused on accumulating SOL, the native digital asset of the Solana blockchain. For additional information, please visit www.sharpstechnology.com. 

Contact

Sharps Technology IR

ir@sharpstechnology.com 

FAQ

What did Sharps Technology (STSS) report for Q3 2025 on November 17, 2025?

STSS reported Q3 updates including a $411M PIPE, > 2.0M SOL treasury, and ~$17.7M in staking revenue and fair-value gains.

How much SOL does Sharps Technology (STSS) hold in its treasury as of October 31, 2025?

Sharps holds over 2.0 million SOL in its treasury as of October 31, 2025.

What was the composition of the $411 million PIPE financing for STSS?

The PIPE raised gross proceeds of $411 million, funded with $267M in cash and stablecoins and $144M in SOL.

How much liquidity did Sharps Technology (STSS) report on Sept 30, 2025?

The company reported approximately $25.2 million in cash and stablecoin liquidity as of September 30, 2025.

What digital-asset income did STSS report for Q3 2025 and how material was it?

STSS reported approximately $17.7 million of combined staking revenue and digital-asset fair-value gains in Q3 2025.

Did Sharps Technology (STSS) complete any operational changes in 2025?

Yes, STSS completed its planned exit from legacy syringe manufacturing and refocused on medical device distribution and its SOL treasury strategy.