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Sharps Technology down after partnering with Jupiter Exchange for Solana staking

ReutersSep 23, 2025 2:13 PM

** Medical device and pharmaceutical packaging firm Sharps Technology's STSS.O shares down almost 3.9% at $7.60

** STSS partners with decentralized trading platform Jupiter Exchange to use its staking infrastructure and advance its digital asset treasury strategy

** STSS's stock soared in August when it announced over $400 million private placement to hoard crypto token Solana, the world's sixth-largest cryptocurrency

** Intends to directly stake a portion of its SOL into Jupiter's validator through native staking to improve flexibility and liquidity within the Solana ecosystem and increase shareholder value, STSS says

** Decentralized financing, or DeFi refers to peer-to-peer transactions on the blockchain that are executed via smart contracts, with no banks or brokers acting as intermediaries

** As of last close, STSS shares down 98.72% YTD

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