$SOL Solana Treasury Company Sharps Technology Initiates Validator in Partnership with Coinbase.
Sharps Technology (NASDAQ: STSS), a medical device firm that implemented a Solana (SOL) treasury strategy last year, has made a notable move in blockchain involvement by starting its own validator. The firm collaborated with Coinbase, a leading Solana staker, to manage the STSS Validator employing Coinbase Institutional’s established infrastructure.
In this transition, Sharps will assign a section of its 2 million SOL assets to the validator managed by Coinbase. In this way, the company moves from merely maintaining a Solana treasury to proactively enhancing the network’s security and decentralization.
Starting a validator is rare for treasury-driven digital asset firms but can provide consistent income, aligning Solana-centric treasury firms more closely with Bitcoin mining ventures. Other industry participants, such as BitMine and Forward, have also incorporated validator operations and invested assets in DeFi protocols to strengthen their infrastructure presence.
With this launch, Sharps transitions into one of the initial U.S.-listed firms to move from a passive treasury strategy to an active position in blockchain infrastructure. Coinbase now runs validators in various cities worldwide, accounting for almost 10% of the total staked tokens on Solana.
This action highlights a larger trend of treasury-led firms becoming more directly involved in blockchain networks, enhancing security, decentralization, and creating long-term value.
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