#Solmate Joins
#SolanaTreasury Push With $300M Funding From UAE Investors, ARK Invest
Brera’s Solmate will hold and stake SOL, with support from ARK Invest, RockawayX, Pulsar Group and the Solana Foundation.What to know:
Brera Holdings (BREA), now rebranded as Solmate, raised $300 million to build a SOL-focused digital asset treasury, backed by including ARK Invest and the Solana Foundation.
Shares of Brera Holdings surged 14% following the announcement.
The company plans to develop Solana validator infrastructure in Abu Dhabi and generate revenue from Solana-native projects, with ex-Kraken executive Marco Santori as CEO.
Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana
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digital asset treasury field raising $300 million to accumulate the token.
Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity (PIPE) round. It will also rebrand to Solmate, while maintaining its sports-ownership business.
The shares rallied 14% following the news. SOL rose 5% over the past 24 hours.
Solmate's debut follows recent high-profile Solana treasury plays such as Galaxy-backed Forward Industries (FORD) and Pantera-backed Helius Medical Technologies (HSDT) as the digital asset treasury trend is expands beyond bitcoin
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and ether (ETH).The Brera venture aims to hold and stake SOL tokens, build out validator infrastructure in Abu Dhabi and pursue revenue from Solana-native projects. Its first planned deployment is a set of bare metal servers configured to outperform traditional validator setups, giving regional investors direct access to Solana’s staking yields, the firm said.
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