A leading crypto trading platform is partnering with a medical device and pharmaceutical packaging firm on a new Solana (SOL) treasury strategy.
According to a new press release, Crypto.com has helped Sharps Technology (STSS) develop at Solana treasury strategy and acquire 2 million SOL.
Says STSS Strategic Advisor James Zhang of the new crypto venture,
“At STSS, we view our digital asset treasury not only as a balance sheet strategy, but as a commitment to advancing the future of open, efficient financial infrastructure. Partnering with Crypto.com, a platform with over 150 million users, provides us with the institutional-grade tools and liquidity access to responsibly manage one of the largest Solana treasuries, while also directly contributing to the growth of the Solana ecosystem. This collaboration marks a pivotal step in aligning our long-term corporate strategy with innovation at the forefront of digital finance.”
With SOL currently trading for $228, the STSS SOL treasury is worth over $400 million at time of writing. STSS’s strategy involves dispersing some of the funds back into the Solana ecosystem, spreading out liquidity and generating yields on their investments.
According to Crypto.com President and COO Eric Anziani,
“STSS has an ambitious vision for its digital asset treasury strategy, and we are excited to partner with them to help realize that vision.
Crypto.com is uniquely built to offer the comprehensive capabilities required by institutions to safely and effectively manage digital asset treasuries.”
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