Nasdaq-listed Brera Holdings has completed a major transformation, rebranding as Solmate after securing $300 million in private funding to launch a Solana-focused digital asset treasury company. The oversubscribed investment round attracted backing from high-profile investors including ARK Invest, UAE-based Pulsar Group, RockawayX, and the Solana Foundation.
JUST IN: Cathie Wood backs $300M Solana deal 🇮🇹⚽
Brera Holdings rebrands to Solmate, fueled by ARK Invest & Abu Dhabi capital to accumulate SOL.
Shares soared 225% 📈 as SOL climbed ~8.5% to $247.50.
Wall Street + sports clubs = new Solana treasury model. 🔥 pic.twitter.com/fRlMgBQidN— Jessica Gonzales (@lil_disruptor) September 19, 2025
The company represents a dramatic shift from its previous business model as a European sports ownership group. Brera previously held football clubs across Italy and Europe before deciding to pivot entirely into the cryptocurrency sector.
Marco Santori, former chief legal officer at Kraken and partner at Pantera Capital, will lead Solmate as CEO. The leadership team includes economist Arthur Laffer, creator of the Laffer Curve, and RockawayX CEO Viktor Fischer. The Solana Foundation will hold two board seats as part of the arrangement.
Solmate plans to accumulate and stake Solana tokens while building validator operations in Abu Dhabi. The company secured a letter of intent with the Solana Foundation for discounted access to SOL tokens. This strategic partnership positions Solmate to expand blockchain infrastructure throughout the United Arab Emirates.
The funding came through a Private Investment in Public Equity (PIPE) transaction. This financing method allows publicly traded companies to raise capital by selling shares directly to private investors, typically at a discount to market price.
The company will establish bare-metal servers in Abu Dhabi to operate Solana validators. These physical servers are designed to provide superior performance compared to cloud-based alternatives. Solmate expects to pursue a dual listing on a UAE exchange while maintaining its Nasdaq presence.
Pulsar Group CEO Alyazi Al Khattal said the investment will place Solana at the center of the UAE’s digital transformation strategy. The Middle East region has emerged as a key market for cryptocurrency infrastructure development.
Corporate adoption of Solana as a treasury asset continues expanding across multiple companies. Data from Strategic Solana Reserve shows 16 tracked entities now hold 15.83 million SOL tokens combined. This represents approximately 2.75% of Solana’s total token supply.
Of these holdings, 9.35 million SOL tokens are actively staked, generating an average yield of 7.7% annually. Forward Industries leads institutional holders with 6.82 million SOL worth about $1.63 billion at current prices.
DeFi Development Corp announced expansion of its Treasury Accelerator program during the same period. The Nasdaq-listed company plans to deploy between $5 million and $75 million per vehicle into digital asset treasuries globally. These investments will be funded through cash or Solana token contributions.
Galaxy Digital recently disclosed purchases of 6.5 million SOL worth approximately $1.55 billion over five days. The company participated in a $1.65 billion private placement for Forward Industries alongside Multicoin Capital and Jump Crypto.
Helius Medical Technologies announced a separate $500 million private placement led by Pantera Capital and Summer Capital. The company plans to build a Solana-focused corporate treasury over two years while exploring staking and lending opportunities.
Solana’s price reached $246.93 following these announcements, representing a 38.7% increase over 30 days. The token remains about 15% below its all-time high of $293.31 set on January 19, 2025.
The post Nasdaq Sports Firm Brera Rebrands as Solmate With $300M Solana Treasury appeared first on CoinCentral.
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