Sharps Expertise (NASDAQ: $STSS) is making a transfer few noticed coming. Often called a medical-device firm, Sharps is now moving into the highlight for one thing fully completely different: a serious Solana (CRYPTO: $SOL) treasury technique. And primarily based on its 2025 year-end outcomes, this isn’t a small facet play.
By the top of 2025, the corporate reported holding greater than 2 million SOL, with most of it staked to generate yield. That alone places Sharps in a uncommon class of public corporations leaning exhausting into crypto as a part of their steadiness sheet technique.
The larger story is how dramatic the shift has been. Complete property surged from simply over $7 million a yr earlier to greater than $269 million. The majority of that got here from digital property, whereas liabilities dropped sharply and the corporate worn out its prior notes payable steadiness.
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Much more telling is the place the income got here from.
Sharps reported roughly $7 million in full-year income, however practically all of it got here from staking earnings tied to its Solana holdings. Its conventional medical-device distribution enterprise contributed solely a small fraction by comparability. That may be a main sign that the corporate is actively reshaping its identification — and doing it quick.
For crypto traders, that is the place issues get fascinating. Now we have already seen public companies use Bitcoin as a treasury asset, however Sharps is a part of a more recent wave pushing past BTC (CRYPTO: $BTC) and into Solana. That makes it one of many extra intriguing ticker tales for merchants watching the intersection of public markets and altcoin publicity.
The query now just isn’t whether or not public corporations are watching Solana — it is who strikes subsequent.
Shares of Sharps Expertise are buying and selling at $1.52, up 0.33 %.