Sharps Technology releases first report on SOL staking revenue

Nasdaq-listed Sharps Technology, which is strategically investing in Solana (SOL), has released its first report on revenue generated from staking its SOL holdings. According to The Block, the company stated that its staking strategy has consistently maintained high returns since establishing its SOL treasury. Sharps Technology noted it has achieved an average annual staking yield of approximately 7%, excluding fees, through its validator partners. The company currently holds 2 million SOL, valued at around $250 million, with the majority of the assets staked. This positions Sharps Technology as the fifth-largest publicly traded company strategically holding SOL.