Sharps Technology(US:STSS) Prnewswireยท2025-09-23 11:00Core Viewpoint - Sharps Technology, Inc. has announced a strategic partnership with Jupiter Exchange to utilize its staking infrastructure as part of its digital asset treasury strategy, focusing on the Solana blockchain [1][2]. Group 1: Partnership Details - The collaboration will involve STSS staking a portion of its SOL into Jupiter's validator, which is among the top three largest validators on Solana by staked tokens [2]. - STSS plans to stake a portion of its assets to Jupiter's liquid staking token platform, JupSOL, enhancing the economic security of the Solana network [2][5]. - This partnership aims to create new opportunities for enhancing shareholder value while strengthening the connection between Solana and public markets [5]. Group 2: Financial Aspects - The company recently acquired over 2 million SOL, valued at more than $400 million, with SOL trading at over $220, funded through a private investment in public equity (PIPE) transaction [3]. - By injecting capital into Jupiter's validator and JupSOL, STSS intends to earn staking yields and expand liquidity in the Jupiter and Solana ecosystems [3]. Group 3: Company Background - Sharps Technology is a medical device company that offers patented smart-safety syringe products, focusing on ultra-low waste capabilities [8]. - The company has adopted a digital asset treasury strategy aimed at accumulating SOL, leveraging capital market raises for on-chain yield generation within the Solana ecosystem [9]. Group 4: Jupiter Exchange Overview - Jupiter Exchange is a leading decentralized trading platform with over $2 trillion in lifetime trading volume, originally launched as Solana's premier DEX aggregator [10]. - The platform has expanded its offerings to include perpetual trading, a mobile app, liquidity infrastructure, and lending services [10].