Sharps Technology down after partnering with Jupiter Exchange for Solana staking
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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