Sharps Technology has teamed up with BitGo to expand and secure its Solana (SOL) treasury strategy using institutional-grade custody, staking, and trading infrastructure.
Quick Summary – TLDR:
- Sharps Technology is partnering with BitGo to manage its Solana (SOL) treasury securely and efficiently.
- The collaboration brings together qualified custody, validator staking, and OTC trading on a single platform.
- The move supports Solana’s network decentralization and aligns STSS with top infrastructure providers.
- It marks another publicly traded company leveraging blockchain assets with institutional backing.
What Happened?
Sharps Technology, a Nasdaq-listed medical device company, announced a strategic partnership with BitGo to optimize and scale its digital asset treasury strategy focused on Solana. The deal includes custody, staking, and trading services, all under a regulated, institutional-grade framework. The collaboration highlights the rising trend of public companies integrating blockchain assets into their long-term financial operations.
Public markets continue to adopt digital asset strategies.
— BitGo (@BitGo) February 5, 2026
BitGo is excited to provide the institutional infrastructure needed to scale Sharps Technology’s ($STSS) Solana treasury operations.
Read more: https://t.co/hwnVVWDYka@stsssol pic.twitter.com/nNKbYZIfmc
Sharps Technology Gets Serious About Solana
Sharps Technology holds over two million SOL and is now moving to better manage those assets with the help of BitGo, a trusted name in digital asset infrastructure. By leveraging BitGo Bank & Trust’s qualified custody, which is regulated by the Office of the Comptroller of the Currency (OCC), Sharps ensures its assets are held in a secure, compliant environment suitable for a publicly traded company.
But the deal is more than just storage. STSS will also use BitGo’s Solana validator and other affiliated validators to earn staking rewards while supporting network decentralization. This allows Sharps to turn its SOL holdings into active, yield-generating assets instead of just letting them sit idle.
One Platform, Multiple Services
BitGo’s platform brings everything under one roof. With custody, staking, and OTC (over-the-counter) trading combined, STSS can manage its treasury without relying on fragmented systems or open market trading. This not only increases operational efficiency but also minimizes risk and enhances liquidity management.
BitGo CEO Mike Belshe said:
He emphasized that BitGo provides a centralized operational foundation with secure workflows for managing digital assets.
James Zhang, Strategic Advisor to STSS noted that the partnership reflects a broader shift, highlighting:
Aligning With the Solana Ecosystem
This partnership is not just about Sharps’ bottom line. By distributing SOL across BitGo’s and other validators, the company is actively supporting Solana’s infrastructure and network resilience. That means this is as much a strategic ecosystem move as it is a financial one.
BitGo’s recent IPO further underscores the growing trust in regulated digital asset solutions. With BitGo now a publicly traded firm, its collaboration with Sharps strengthens the sense of legitimacy around institutional crypto engagement.
SQ Magazine Takeaway
I love seeing companies like Sharps Technology take bold steps into the crypto space while keeping security and regulation top of mind. This partnership with BitGo is not just a tech upgrade, it’s a smart move that blends financial strategy with blockchain innovation. The fact that they’re earning staking rewards and helping secure the Solana network shows they’re in it for more than just headlines. This kind of thoughtful approach to crypto treasury management is exactly what traditional finance needs to take blockchain seriously.
