Sharps Technology has released its first performance update on its Solana staking strategy, offering investors a clearer picture of how its onchain treasury is performing during a prolonged downturn in SOL prices. The Nasdaq-listed medical device company said its Solana holdings have been generating consistent staking income since inception, even as the broader market remains under pressure.
In a statement issued Monday, Sharps disclosed that its validator partners are delivering roughly 7 percent gross annualized staking returns before fees. This marks the company’s first quantitative insight into staking performance since it began building its Solana treasury. According to the update, nearly all of Sharps’ SOL holdings are currently staked.
Sharps Technology IncThe announcement comes as Sharps expands its involvement in the Solana ecosystem beyond passive token holding. Earlier this month, the company launched an institutional-grade Solana validator in partnership with Coinbase, delegating a portion of its treasury to the new operation. The move reflects a strategic shift toward direct participation in network infrastructure, rather than relying solely on market appreciation.
“STSS continues to deliver strong revenue from its SOL holdings due to its integration with institutional-quality staking infrastructure,” said James Zhang, a strategic advisor to Sharps, commenting on the update.
Alongside its blockchain initiatives, Sharps has taken steps aimed at reinforcing investor confidence. The company recently entered into a 90-day lock-up agreement with its strategic advisor, limiting the sale or hedging of advisory warrants and related shares. It has also authorized a share repurchase program of up to $100 million, signaling confidence in its long-term strategy amid stock price volatility.
Sharps Technology IncNavigating a challenging market for SOL
Sharps’ approach reflects a broader trend among publicly traded companies with Solana-focused treasuries. As SOL prices remain well below their peak, firms are increasingly turning to validator operations and staking yields to generate recurring revenue and support valuations.
Earlier this month, SOL Strategies, another company active in the space, introduced a liquid staking product backed by more than 500,000 SOL. The product adds to its existing validator and treasury operations, highlighting how companies are diversifying income streams within the Solana ecosystem.
Sharps currently holds just under 2 million SOL, valued at close to $250 million, making it the fifth-largest publicly traded Solana treasury. According to price data, the company accumulated its position at an average cost of around $195 per token. With SOL trading near $120, the holdings are presently underwater.
The broader context underscores the challenge facing Solana-linked treasuries. SOL is down nearly 60 percent from its all-time high, reached roughly a year ago. That decline has also weighed on Sharps’ share price. On Monday, Sharps Technology stock was trading at approximately $2.15, a steep drop from highs above $16 seen last summer following the company’s initial announcement of its Solana treasury strategy.
A long-term bet on infrastructure and yield
Despite near-term price pressures, Sharps appears focused on positioning its Solana strategy for durability rather than short-term gains. By staking nearly all of its holdings and investing in validator infrastructure, the company is seeking to generate predictable yield while remaining closely tied to the network’s long-term growth.
The latest update offers investors a clearer view into how that strategy is performing in practice. While token prices remain volatile, Sharps’ disclosure suggests that onchain yield and infrastructure participation are becoming central tools for public companies navigating the evolving digital asset landscape.
