Sharps Technology Partners With BitGo to Scale Solana Treasury

Sharps Technology has taken a decisive step to formalize its Solana treasury operations through a strategic collaboration with BitGo. The Nasdaq-listed medical device firm, trading under STSS, continues to position itself among a growing group of public companies integrating digital assets into balance sheet strategy. With over two million SOL held, the company now aims to enhance security, yield generation, and liquidity management through institutional infrastructure.

Institutional Custody and Staking Integration

Under the collaboration, Sharps Technology intends to use BitGo Bank & Trust’s qualified custody services. The bank operates under OCC regulation, which aligns with public market compliance requirements. Consequently, STSS can secure its Solana holdings within a regulated environment designed for institutional asset management.

Additionally, Sharps Technology plans to deploy SOL through BitGo’s Solana validator and affiliated validators. This approach allows the company to pursue staking rewards while supporting network decentralization. Moreover, access to BitGo’s OTC trading services enables efficient liquidity execution without relying on open markets.

James Zhang, Strategic Advisor to STSS, emphasized the strategic fit, stating, “BitGo is an ideal partner for STSS as it continues to scale its Solana digital asset treasury strategy with institutional-grade security and operational excellence.” He also noted, “Alongside BitGo’s recent IPO, their collaboration with STSS highlights the increasing convergence of institutional digital asset infrastructure and public market adoption.”

Strengthening Solana Network Alignment

Beyond treasury optimization, the collaboration reinforces Sharps Technology’s alignment with core Solana infrastructure providers. By distributing SOL across validators, including BitGo’s own, the company supports network resilience. Hence, treasury deployment becomes both a financial and ecosystem-focused decision.

BitGo leadership framed the partnership as part of a wider institutional transition. CEO Mike Belshe said, “STSS is taking steps to further institutionalize its Solana treasury strategy, and BitGo is pleased to support that effort.” 

He added, “By combining BitGo’s qualified custody with services for validator participation, staking support, and OTC trading execution, this partnership is designed to provide STSS with a centralized operational foundation and secure workflows for managing digital assets.”