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Sharps Technology and BitGo announce partnership to jointly advance Solana treasury strategy

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Sharps Technology joined discussion · Feb 6 03:34
New York, February 5, 2026 —— Sharps Technology, Inc. (referred to as “STSS” or “the company”) (Nasdaq: STSS), a medical device company adopting a Solana (SOL) digital asset treasury strategy, and digital asset infrastructure provider BitGo Bank & Trust, National Association (referred to as “BitGo”), today announced a strategic partnership. Under this partnership, STSS will leverage related services provided by BitGo to further expand and enhance its Solana treasury strategy, improving its institutional operational capabilities.
As part of the partnership, STSS plans to utilize institutional-grade qualified custody services offered by BitGo through its entity regulated by the Office of the Comptroller of the Currency (OCC), BitGo Bank & Trust, National Association. Additionally, STSS intends to use BitGo’s Solana staking validator to generate competitive staking returns on its SOL holdings, while also utilizing BitGo’s over-the-counter (OTC) trading services. By integrating custody, staking, and liquidity execution within a single institutional-grade platform, STSS and BitGo are establishing a strategically aligned partnership that provides the operational foundation for implementing a secure, scalable, and optimized treasury strategy.
By deploying SOL on the BitGo platform across multiple validators, including BitGo’s own nodes, this collaboration further strengthens STSS’s alignment with key infrastructure providers in the Solana ecosystem, promoting the development of the Solana network.
“As STSS continues to expand its Solana digital asset treasury strategy with institutional-grade security and operational excellence, BitGo is the ideal partner for STSS,” said James Zhang, Strategic Advisor at STSS. “Combined with BitGo’s recent IPO, this collaboration with STSS further highlights the growing convergence between institutional-grade digital asset infrastructure and public capital market adoption.”
"STSS is taking multiple initiatives to further institutionalize the operation of its Solana treasury strategy, and BitGo is delighted to support this process," said Mike Belshe, CEO and co-founder of BitGo. "By combining BitGo’s qualified custody services with participation in validation nodes, staking support, and over-the-counter trading execution, this collaboration aims to create a unified operational hub and secure, efficient operating system for STSS to manage its digital assets."
Forward-Looking Statements
This press release contains forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included in this press release, other than statements of historical fact, constitute forward-looking statements, including but not limited to statements regarding the company’s execution of its Solana digital asset treasury strategy, the anticipated benefits of the collaboration with BitGo, and the potential opportunities such initiatives may create for retail and institutional investors.
Forward-looking statements are based on the company's current expectations, assumptions, and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include, but are not limited to: the company’s ability to successfully execute its Solana treasury strategy; volatility in the market prices of SOL and other digital assets; changes in the regulatory or legal environment; competitive pressures; and overall market, economic, and business conditions.
For a detailed discussion of additional risks, please refer to the 'Risk Factors' section in the company's filings with the U.S. Securities and Exchange Commission ("SEC"), which can be accessed via the SEC’s official website (www.sec.gov).
Forward-looking statements are made as of the date of this press release only. Unless required by law, the company assumes no obligation to update or revise any forward-looking statements due to new information, future developments, or otherwise.
About Sharps Technology
Sharps Technology is an innovative medical device and pharmaceutical packaging company focused on providing patented, industry-leading smart safety syringe products to the healthcare industry. The company’s product line focuses on achieving ultra-low material waste and incorporates syringe technology with both passive and active safety features.
Additionally, the company has adopted a digital asset treasury strategy, primarily allocating to Solana blockchain’s native digital asset SOL, while generating on-chain yield through multiple capital market financings in conjunction with the Solana ecosystem.
About BitGo
BitGo (NYSE: BTGO) is a digital asset infrastructure company offering a full suite of services including custody, wallets, staking, trading, financing, stablecoins, and settlement, all delivered through a regulated cold storage system. Since its founding in 2013, BitGo has been committed to accelerating the transformation of the financial system into a digital asset economy.
BitGo operates multiple regulated entities globally, including BitGo Bank & Trust, National Association — a federally chartered digital asset trust bank. Currently, BitGo serves thousands of institutional clients worldwide, spanning numerous industry-leading brands, financial institutions, exchanges, and platforms, while also serving millions of investors globally.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read more
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Sharps Technology is a founder-led Treasury denominated in SOL and the gateway between TradFi and DeFi technologies.
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