Sharps Technology has taken a deeper step into blockchain infrastructure by partnering with Coinbase to launch a Solana validator, marking a shift from passive token holding to active network participation. The Nasdaq listed medical device company, which adopted a Solana treasury strategy last year, will now delegate a portion of its roughly two million SOL holdings to a newly established validator operated by Coinbase. The company said the move reflects a transition toward directly supporting the security and decentralization of the Solana network while generating recurring onchain revenue. Validator operations are typically a later stage priority for proof of stake treasury firms, making Sharps’ approach notable as it embeds infrastructure participation early in its digital asset strategy. The development highlights how token treasury companies are increasingly seeking operational roles rather than relying solely on balance sheet exposure.
By launching a validator, Sharps joins a growing group of digital asset treasury firms that view staking and validation as core components of long term value creation. Validators earn ongoing rewards by securing the network, creating revenue streams that more closely resemble operating businesses than passive asset holdings. This approach has gained traction among Solana focused treasury companies aiming to align valuation with cash flow potential rather than token price alone. Coinbase’s role as operator adds institutional credibility, given its established infrastructure and experience running validators at scale. According to recent disclosures, Coinbase is one of the largest Solana stakers, accounting for nearly ten percent of the network’s total staked SOL. For Sharps, delegating tokens to a Coinbase operated validator allows participation in network economics without building and maintaining its own infrastructure stack.
The move also reflects a broader evolution in how public companies engage with blockchain networks. Rather than treating digital assets purely as treasury reserves, some firms are positioning themselves as infrastructure contributors, blending traditional corporate models with decentralized networks. In the Solana ecosystem, this strategy mirrors trends seen among other treasury companies that have integrated staking, validation, and decentralized finance deployment into their business models. Sharps said becoming an active validator positions it among the first US listed companies to move beyond a treasury only approach and into direct blockchain participation. As proof of stake networks mature, the distinction between token holder and network operator is narrowing, and Sharps’ decision underscores how staking infrastructure is becoming central to corporate crypto strategies rather than an optional add on.
