Summary
- Nasdaq-listed Sharps Technology said it has released its first official report on staking revenue from its Solana (SOL) holdings.
- Sharps Technology said it has recorded an average annual yield of about 7% after fees from staking through validator partners since building its SOL treasury.
- Sharps Technology said it holds about 2 million SOL (about $250 million) and is using most of it for staking, making it the fifth-largest among listed companies (DAT).
Sharps Technology, a Nasdaq-listed company strategically investing in Solana (SOL), has released its first official report on staking revenue generated from its SOL holdings.
According to crypto-focused media outlet The Block on the 26th (local time), Sharps Technology said in the report that "since building its SOL treasury, its staking strategy has consistently maintained high returns," adding that it posted an average annualized yield of about 7% after fees from staking through validator partners.
Sharps Technology currently holds about 2 million SOL (about $250 million), most of which appears to be used for staking. This is the fifth-largest amount among listed companies (DAT) that strategically stockpile Solana.
The report is seen as a case in which a listed company has formally disclosed a structure that generates recurring income through staking, rather than merely holding crypto assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
