Sharps Technology Partners With Jupiter Exchange for Solana DeFi
Sharps Technology partners with Jupiter Exchange to stake Solana tokens via JupSOL, earning yields and supporting the Solana DeFi network.
Sharps Technology, Inc. (NASDAQ: STSS) has partnered with Jupiter Exchange, a decentralized finance (DeFi) platform on the Solana blockchain (SOL/USD). Under the agreement, Sharps will delegate part of its Solana holdings to Jupiter Exchange’s validator network and liquid staking token, JupSOL, allowing the company to earn staking rewards and contribute to the security and operation of Solana’s blockchain.
Under the deal, Sharps will delegate a portion of its Solana tokens to Jupiter’s validator nodes and invest in JupSOL, Jupiter’s liquid staking token. This approach allows Sharps to earn staking rewards while enhancing liquidity within Solana’s DeFi ecosystem.
Earlier this year, Sharps acquired more than two million SOL tokens, totaling over $400 million, via private equity financing. Allocating these tokens to Jupiter’s staking infrastructure is intended to optimize returns and increase participation in Solana’s decentralized finance market.
James Zhang, strategic advisor to Sharps, highlighted that the company aims to support key infrastructure projects within Solana. Jupiter co-founder Siong said that Sharps’ engagement with the Solana community made the partnership a logical step, and the collaboration will expand access to Jupiter’s DeFi services.
After Sharps Technology announced its collaboration with Jupiter Exchange, trading data shows that STSS shares climbed from approximately $3.30 to $7.60 over the past week, representing a 131% increase. This sharp rise reflects investor response to the company’s strategy of deploying over two million SOL tokens into Solana’s validator network and liquid staking via JupSOL.
In pre-market trading on Tuesday, STSS shares were down 3.92% at $7.60, following a week of heightened volatility as investors adjusted positions after the rapid price surge.
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| Metric | Value / Data | Notes |
|---|---|---|
| STSS Stock Price (1 Week Ago) | $3.30 | Price before Sharps’ Solana-DeFi partnership announcement |
| STSS Current Stock Price | $7.60 | Pre-market trading price; reflects 131% gain over one week |
| Stock Price Change (1 Week) | +131% | Investor reaction to Solana-focused treasury and DeFi strategy |
| Solana Tokens Purchased | 2,000,000+ SOL | Acquired via private equity financing; current market value ~$400M+ |
| Partnership Platform | Jupiter Exchange | Solana-based DeFi platform for staking and liquidity via JupSOL |
| Staking Method | Validator nodes & JupSOL (liquid staking) | Part of treasury deployed to earn staking rewards and support Solana network security |
| Estimated Annual Staking Yield | 6–8% | Projected range based on Jupiter Exchange network performance |
| Solana Network Impact | Increased validator participation | Sharps’ stake contributes to network security, liquidity, and transaction validation |
| Comparable ETFs | ProShares Bitcoin Strategy ETF (BITO), ARK Fintech Innovation ETF (ARKF) | Provides diversified blockchain and digital asset exposure |
| Total Solana Market Value Held by Sharps | $400M+ | Reflects current token valuation at market rates |
Also Read: Crypto Analysts Predict Solana Could Reach $300 within 12 Months
