Sharps transforms into "Solana Vault": holding over 2 million SOL, with 95% staked

BlockBeats message, April 6, Sharps Technology released its 2025 annual report, announcing the full rollout of its Solana-based digital asset treasury strategy, and has already accumulated holdings of more than 2 million SOL, with about 95% used for staking, and an annualized return of approximately 7%.

Financial data shows that the company’s total assets surged from $7.3 million at the end of 2024 to $269.1 million, of which about $250.1 million is digital assets. In 2025, full-year revenue was approximately $7 million, including about $6.8 million from staking income, with the share of revenue from traditional medical device business dropping significantly.

The company said it has essentially exited inefficient manufacturing operations and shifted to a new model centered on digital asset management, while also completing a restructuring of its balance sheet: shareholders’ equity rose to $264.4 million, total liabilities fell to $4.7 million, and it repaid all previously issued accounts payable notes.

In terms of ecosystem development, Sharps has established partnerships with Coinbase, Crypto.com, BitGo, Jupiter, and others, and launched its own validation nodes.

In addition, in 2025 the company raised more than $430 million in total through equity financing and warrants, among other means, for SOL reserve construction. Management said that in 2026 it will focus on improving the efficiency of staking returns, and explore more growth paths built on this asset base.