Sharps Technology reports that the company’s Solana treasury has generated stable staking income since deployment, providing the first quantitative insight into the onchain yield strategy performance of this Nasdaq-listed company in the context of SOL prices remaining under pressure.
According to the latest update, Sharps’ validator operation partners are delivering an aggregate staking yield of approximately 7% per year before fees. Nearly all of the SOL holdings are currently being staked. Recently, Sharps also launched an institutional-grade validator in partnership with Coinbase, marking a shift from a passive holding strategy to direct participation in the Solana network infrastructure.
The company emphasizes that staking rewards are viewed as a recurring cash flow rather than just a bet on SOL price volatility. This move comes amid many publicly traded Solana holders relying on validator operations and staking yields to support valuations during market downturns.
Sharps currently holds nearly 2 million SOL, worth approximately $250 million, making it one of the largest public companies owning Solana. However, this position was accumulated at an average price of around $195 per SOL, significantly higher than the current price of around $120. The SOL price has fallen nearly 60% from its peak set about a year ago, while STSS shares have also declined more than 80% from last summer’s high.
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