Sharps Technology and Jupiter Exchange partner for Solana adoption

Sharps Technology (STSS) and Jupiter Exchange, one of Solana’s decentralized finance superapps, announced a strategic partnership to utilize Jupiter’s staking infrastructure as part of STSS’s treasury strategy. Jupiter is one of the largest decentralized trading platforms, with over $2T in lifetime trading volume. As part of this collaboration, STSS intends to directly stake a portion of its SOL into Jupiter’s validator through native staking, as Jupiter’s Solana validator is one of the top three largest validators on Solana by staked tokens. STSS and Jupiter also intend to stake a portion of STSS assets to JupSOL, Jupiter’s liquid staking token platform. The company recently acquired over two million SOL, currently valued at more than $400M with SOL trading at over $220, funded through a private investment in public equity transaction. By injecting capital into Jupiter’s validator and JupSOL, respectively, STSS intends to earn staking yields, while also expanding liquidity in the Jupiter and Solana ecosystems.