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Sharps Technology Inc. reports developments for a medical device sales and distribution company that has adopted a Solana-based digital asset treasury strategy. Company updates center on SOL treasury holdings, staking activity, validator relationships, custody and trading infrastructure, and collaborations with digital asset service providers including Coinbase, BitGo and The Tie.
Sharps Technology news also covers financial results, capital allocation actions such as share repurchase authorization, advisor warrant lock-up arrangements, shareholder and capital-market matters, and changes to its operating profile as the company maintains its medical device distribution business alongside digital asset treasury activity.
SkyAI (NASDAQ: SKYA), a financial technology company focused on agentic finance for the Global South, appointed Arthur Levine as Chief Financial Officer, effective immediately.
Levine is a CPA with 30+ years of multinational public-company experience, including leading IPOs, capital raises, and profitability and scaling initiatives at prior employers.
SkyAI (Nasdaq: SKYA), formerly Sharps Technology (STSS), announced a strategic shift to build an agentic finance platform serving the Global South. The company rebranded as SkyAI and expects its stock to begin trading under ticker SKYA on May 28, 2026.
SkyAI opened an operational headquarters in Hong Kong to secure licensing and recruit engineering and business talent. The company plans an AI-driven platform, built on the Solana blockchain, aimed at improving financial access and literacy for unbanked users across emerging markets in Asia, Latin America and Africa.
Sharps Technology (NASDAQ: STSS) reported Q1 2026 results, reflecting its Solana-based digital asset treasury strategy. Total revenue was approximately $3.3 million, including $3.1 million in net staking revenue and $0.2 million from medical device distribution.
As of March 31, 2026, STSS held about 2 million SOL and cash of roughly $12.3 million. The staking operations generated an estimated 6% gross annualized validator yield. Management aims to leverage this productive digital asset treasury to support broader long-term growth and new recurring revenue initiatives.
Sharps Technology (NASDAQ: STSS) adopted a limited duration stockholder rights plan to address recent accumulations of its common stock and protect stockholder interests.
The Rights Plan issues one preferred share purchase right per common share as of May 26, 2026, triggers at 15% ownership, carries a $10.00 exercise price, and currently expires on May 12, 2027.
Sharps Technology (NASDAQ:STSS) reported 2025 year-end results highlighting a strategic shift to a Solana-based digital asset treasury. The company holds over 2 million SOL (≈95% staked at ~7% gross yield), reported $269.1M total assets (up from $7.3M), and raised over $430M in FY2025.
Revenue totaled ≈$7.0M (≈$6.8M staking revenue; $204k product revenue). Stockholders’ equity rose to $264.4M, liabilities fell to $4.7M, and legacy manufacturing was phased out to focus on staking, institutional partnerships, and capital deployment.
Sharps Technology (NASDAQ: STSS) announced a strategic collaboration with The Tie to expand institutional participation in the Solana ecosystem. STSS will delegate a portion of its Solana treasury—currently more than 2 million SOL—to Stakin by The Tie, a non‑custodial validator operator across 40+ PoS networks.
The agreement preserves STSS custody, aims to reinforce network security and operational credibility, and includes STSS management participation at The Tie institutional events across 2026–2027.
Sharps Technology (NASDAQ: STSS) announced a strategic collaboration with BitGo Bank & Trust to institutionalize STSS’s Solana (SOL) digital asset treasury strategy on February 5, 2026. STSS intends to use BitGo’s OCC‑regulated qualified custody, Solana staking validator services, and OTC trading execution to consolidate custody, staking, and liquidity in a single institutional platform, aiming to secure, scale, and optimize its SOL treasury operations while supporting Solana network growth.
Sharps Technology (NASDAQ:STSS) reported treasury and operational updates on January 26, 2026 focused on its Solana-based digital asset strategy. The company said its validator partners have generated approximately 7% gross APY since inception, outperforming the Solana network average, and that nearly all of its SOL holdings are currently staked. STSS stated it has no corporate debt and maintains sufficient operating capital. In January the company announced a lock-up agreement with its strategic advisor restricting sales of advisory warrants and confirmed no prior sales or hedging, and launched a jointly supported institutional-grade Solana validator in partnership with Coinbase to which it delegated a portion of its SOL treasury holdings.
Sharps Technology (NASDAQ: STSS) announced a 90-day lock-up with SOL Markets, under which SOL Markets agreed not to sell or otherwise dispose of advisory warrants or any underlying shares issued for advisory and strategic support, effective January 16, 2026.
The agreement accompanies the company's recently approved $100 million share buyback program and is presented as a signal of alignment and confidence in STSS’s execution roadmap, partnerships, Solana treasury, and ongoing product R&D initiatives.
Sharps Technology (NASDAQ: STSS) and Coinbase Institutional launched the STSS Validator, an institutional-grade validator on the Solana network operated by Coinbase and built on its institutional infrastructure. As part of the initiative, STSS will delegate more than 2 million SOL from its digital asset treasury to the Coinbase-operated validator, shifting from a treasury-only participant to an active contributor to Solana's security and decentralization. The partnership leverages Coinbase custody, OTC, staking, and validator operations to prioritize uptime, operational rigor, and long-term reliability. STSS is among the first U.S.-listed companies to move into blockchain infrastructure participation.