Sharps Technology Partners With Coinbase To launch Solana Validator Node

TLDR

• Sharps Technology will delegate part of its 2 million SOL to a validator run by Coinbase.
• Coinbase contributes nearly 10% of Solana’s total staked SOL across global locations.
• Sharps is among the first U.S.-listed firms to launch a Solana validator.
• Forward and BitMine are other major treasury firms also building validator operations.

Sharps Technology (Nasdaq: STSS), a U.S.-listed medical device firm, has taken a new step in its digital asset strategy by launching a Solana validator in partnership with Coinbase. The company, which had previously announced a 2 million SOL token treasury, will now delegate a portion of those tokens to the new validator operated by Coinbase.

According to Sharps, this move makes it one of the first publicly traded U.S. firms to shift from simply holding SOL to actively participating in the network’s infrastructure. The validator, named the STSS Validator, is operated on Coinbase Institutional’s infrastructure.

“The STSS Validator, operated by Coinbase and built on Coinbase Institutional’s market-proven infrastructure stack, represents a meaningful shift for the company,” the firm stated.

Coinbase Operates Validator Infrastructure Across Multiple Regions

Coinbase is among the largest stakers on the Solana network. As of December, its validators contribute nearly 10% of all staked SOL. These validators are operated in at least eight cities across the United States, Europe, and East Asia.

Sharps’ collaboration with Coinbase allows it to tap into a tested and regulated infrastructure system while maintaining its strategic SOL holdings. This approach reflects a growing trend among Solana treasury companies, where validator operations are used to generate recurring revenue through staking rewards.

Validator Launch Marks a New Phase for Sharps Technology

The launch of the STSS Validator marks a shift in Sharps’ strategy. While holding SOL in a treasury is common, operating a validator is a more advanced step and places Sharps in a smaller group of companies that are using their digital asset holdings for network participation.

Sharps joins a list of other Solana-focused digital asset treasury (DAT) companies that are either running or building validator infrastructure. Forward, the largest SOL DAT, has already partnered with DoubleZero to launch its own validator and is active in Solana’s DeFi ecosystem. BitMine, the largest Ethereum DAT, is planning a custom validator network for Ethereum.

Smaller firms such as DeFi Development Corp and Bit Mining are also prioritizing validator operations as part of their valuation strategy. These firms see validators as a source of regular revenue, making them more similar to Bitcoin mining companies than passive asset holders like Strategy.

Staking Seen as a Key Revenue Stream for Treasury Firms

Validator operations provide staking rewards, which are viewed as a stable source of income for companies with large token holdings. For firms like Sharps, launching a validator serves both as a strategic blockchain development move and as a way to monetize token treasuries.

While many treasury firms start with token acquisition, some are now taking steps to secure their position in the underlying blockchain infrastructure. This also allows firms to support the decentralization and security of the network they are invested in.

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