Sharps Technology, Inc. (NASDAQ: STSS) is deepening its commitment to digital assets through a new collaboration with Coinbase Global, Inc. The partnership marks a major step in the company’s long-term strategy to build one of the largest Solana-based treasuries in the corporate world. By integrating Coinbase’s institutional-grade infrastructure, STSS aims to strengthen its position within decentralized finance while promoting broader adoption of digital assets.
Strengthening Treasury Management with Coinbase
According to the press release, STSS has accumulated over two million Solana (SOL) tokens, valued at more than $400 million with SOL trading above $210. The firm intends to leverage Coinbase Prime’s custody and OTC desk solutions to optimize its treasury operations.
According to strategic advisor James Zhang, Coinbase provides the deep liquidity, security, and execution efficiency required to manage a major digital asset portfolio. Moreover, this move highlights STSS’s confidence in Solana’s ecosystem and its growing relevance in institutional finance.
Besides custody, Coinbase’s infrastructure offers the scalability needed to handle volatile markets and large trades efficiently. This collaboration could position STSS as a key corporate player bridging traditional finance and blockchain-based asset management. Hence, its decision aligns with a broader industry trend where companies are actively diversifying into crypto-based treasuries for growth and value preservation.
Solana’s Technical Structure Signals Macro Bullish Setup
Despite a slight dip in Solana’s price to around $218, analysts remain overwhelmingly bullish. Solana Sensei, a popular market analyst, describes the current chart as “absurdly bullish,” highlighting a multi-year cup-and-handle formation nearing completion.
The pattern began after the 2021 peak and formed a curved accumulation base through 2022 and 2023. Higher lows from $8 to $200 indicate strong institutional positioning and sustained demand.
Source: X
Once Solana clears the $260–$290 resistance zone, analysts anticipate an explosive move into price discovery. Such a breakout could ignite a parabolic rally toward $350–$400, marking a new macro reversal for the asset. The setup, according to Solana Sensei, reflects “smart-money positioning” and the type of momentum that could make Solana “teleport” beyond its previous highs.
Bitwise Solana ETF Adds Another Layer of Support
Adding to this momentum, Bitwise has amended its filing for a “Bitwise Solana Staking ETF.” The fund will be 100% physically backed by SOL tokens and will include staking features, allowing investors to earn blockchain rewards. With a low management fee of 0.20%, the ETF aims to attract both institutional and retail investors.
