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STSS supplier relationships

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STSS supplier relationship map

Sharps Technology (STSS): Supplier and partner map for investors evaluating counterparty risk

Sharps Technology manufactures and sells safety syringes while simultaneously monetizing an aggressive Solana-based digital asset treasury strategy—a two‑track model where traditional medical-device revenue sits alongside staking, custody, and validator relationships that can generate yield and operational leverage. Investors should evaluate Sharps not just as a small medical‑manufacturing firm but as an operator whose liquidity, custody and technical operations are now materially intertwined with crypto infrastructure providers. For a consolidated view of the supplier and partner relationships discussed here, see Null Exposure’s supplier intelligence platform: https://nullexposure.com/.

How Sharps runs and earns — a concise investor thesis

Sharps’ core business is the research, manufacture and sale of safety syringes in the U.S.; product sales remain the baseline revenue stream. The company supplements that base by holding a sizable Solana (SOL) treasury and engaging third‑party providers for custody, staking, validator operations, OTC trading and decentralized finance (DeFi) services—each relationship structured to convert digital‑asset holdings into yield, liquidity and network participation. These relationships transform counterparty exposures (custody, validator operators, OTC desks) into operational and market risks that are as material to valuation as product market dynamics. Learn more about how these links affect supplier risk on Null Exposure: https://nullexposure.com/.

The supplier and partner map — relationship by relationship

Stericare Solutions, LLC

STSS entered a Supply Agreement on July 24, 2024, under which Stericare agreed to purchase 520 million units of 10ml polypropylene Sologard syringes, representing a large-volume commercial supply commitment from Sharps. This is disclosed in Sharps’ FY2024 Form 10‑K filing (FY2024). According to the 10‑K, this agreement is a commercial distribution contract that directly underpins product revenue (10‑K, FY2024).

BitGo Bank & Trust, National Association

Sharps announced a strategic collaboration to use BitGo’s OCC‑regulated qualified custody and its Solana staking validator, intending to institutionalize custody and staking for the company’s SOL holdings. This arrangement was described in March 2026 press coverage summarizing STSS’s expansion of its Solana treasury strategy (ManilaTimes/GlobeNewsWire, March 2026).

BitGo (non‑bank entity)

Public reporting also references BitGo’s broader services—custody, staking validator access and OTC trading—that STSS plans to leverage to manage and scale SOL holdings. Coverage in March 2026 highlights BitGo as one of the industry partners Sharps selected to professionalize treasury operations (Aktiencheck analysis, March 2026).

Coinbase Institutional

Sharps launched an institutional‑grade Solana validator built on Coinbase Institutional’s infrastructure, with Coinbase operating the validator’s technical and day‑to‑day activities. This move marks Sharps’ shift from passive treasurer to active network participant (Globe and Mail press release, March 2026).

Coinbase (general)

Reports repeatedly note that STSS will leverage Coinbase Prime custody and OTC desk capabilities for storage and liquidity for SOL holdings, integrating Coinbase’s custody and trading products into its treasury stack (Mexc/Cryptopolitan reporting, March 2026).

Stakin by The Tie

STSS delegated a portion of its SOL treasury—reported as more than 2 million SOL in public commentary—to Stakin by The Tie, which operates non‑custodial validator infrastructure across many proof‑of‑stake networks, providing delegated validation services (intellectia.ai news aggregation, March 2026).

The Tie

Coverage separately references The Tie’s validation service (Stakin) as the operational endpoint for delegated SOL staking, with The Tie positioned as a non‑custodial validator operator supporting STSS’s staking strategy (Aktiencheck and other March 2026 items).

Jupiter Exchange

Sharps formed a strategic partnership to utilize Jupiter’s staking infrastructure as part of its treasury strategy, aligning with a DeFi superapp on Solana to capture staking throughput and DeFi integration (PR Newswire release, 2025).

SOL Markets

STSS entered a 90‑day lock‑up agreement with SOL Markets, in which SOL Markets agreed to restrict sales of advisory warrants and underlying shares—an action framed as supporting market confidence and strategic alignment (Quiver Quant/GlobeNewsWire, January–March 2026).

Crypto.com

Crypto.com is cited among the ecosystem partners Sharps is working with to manage and scale SOL holdings, positioning Crypto.com as another liquidity/custody/trading counterparty in STSS’s treasury mix (Aktiencheck/ManilaTimes reporting, March 2026).

Aegis Capital Corp.

Aegis Capital Corp. acted as the sole book‑running manager for STSS’s $16 million IPO, an important capital markets relationship that shaped the company’s public listing and initial equity liquidity (CityBiz reporting, FY2022).

DLA, LLC

Sharps engaged DLA, LLC under a fee agreement to appoint Arthur Levine as interim CFO for an initial three‑month term at $450 per hour, a short‑term consulting arrangement announced in February 2026 (Globe and Mail press release, February 2026).

Operating constraints and company‑level signals

Sharps’ filings and disclosures reveal several company‑level structural signals that investors should treat as operating constraints rather than relationship‑specific attributes: a legacy licensing/royalty arrangement from a 2017 IP purchase that creates a royalty on net sales (4% per the agreement language), a manufacturer/distribution contract posture evidenced by revised manufacturing agreements in 2024, and a material cash commitment signal (a $1.0M non‑refundable deposit held in escrow under an asset purchase agreement). These items indicate contractual complexity, legacy royalty costs and moderate upfront cash commitments that affect margin and free cash flow dynamics (company disclosures from filings and historical transaction notes).

What this map means for investors and operators

  • Concentration and criticality: The Solana treasury strategy centralizes digital‑asset custody and staking risk across a handful of large infrastructure providers (Coinbase, BitGo, The Tie, Crypto.com, Jupiter). Operational failure or service disruption at any of these providers would have outsized funding and reputational consequences for STSS.
  • Contracting posture: Sharps is using a mix of custody, delegation and operating contracts—some regulated (BitGo Bank & Trust) and some non‑custodial/DeFi‑native (Stakin/Jupiter)—creating a hybrid counterparty profile that requires different due‑diligence standards.
  • Maturity and strategic tradeoffs: The company’s validator and staking initiatives are nascent but publicly significant; they reallocate management attention and balance‑sheet risk from pure product execution to crypto operations.

For a consolidated supplier risk profile and to benchmark STSS’s counterparties against peers, visit Null Exposure: https://nullexposure.com/.

Final takeaways and recommended actions

  • Sharps is small on product revenue but large in headline risk because its Solana treasury moves concentration into crypto infrastructure partners; investor due diligence must include custody/staking counterparty assessment.
  • Key partners to monitor: Coinbase Institutional and BitGo Bank & Trust for custody and validator operations; Stakin/The Tie, Jupiter and Crypto.com for staking and DeFi routing; SOL Markets for advisor alignment; DLA and Aegis for governance and capital markets posture.
  • Actionable next steps: Verify the operational SLAs and custody certificates (OCC/regulatory status where relevant), quantify the SOL holdings and lock‑ups, and stress‑test potential liquidity scenarios tied to validator downtime or OTC counterparties.

Explore the full supplier map and risk scores for STSS on Null Exposure to convert these relationships into actionable counterparty intelligence: https://nullexposure.com/.