Sharps Technology Taps Coinbase Prime for $400M SOL Treasury

Sharps Technology first announced in August that it had secured a $400 million private placement to build a Solana treasury, now holding over 2 million SOL. Chart analysts at Solana Sensei identified a long-term cup-and-handle pattern, suggesting a bullish breakout above $260–$290 could drive SOL toward $350–$400, while Bitwise’s proposed 100% physically backed Solana Staking ETF (0.20% fee) added further institutional support. In its latest move, Sharps has partnered with Coinbase Prime to optimize its SOL Treasury, leveraging institutional-grade custody, trading, and OTC services to enhance security, liquidity, and regulatory controls. This collaboration—Coinbase’s first corporate client deal—enables Sharps to deploy capital for on-chain yields and participation in Solana-based DeFi protocols. Similar initiatives by DFDV JP and Solana Company demonstrate growing institutional confidence in SOL treasury management.