Ark Invest, led by Cathie Wood, not only strongly supports Tom Lee's Ethereum reserve strategy company BitMine, but recently expanded its investment scope to the SOL reserve strategy company Solmate. With an investment of less than US$30 million, it has brought it US$130 million in unrealized profits in a single day.
Brera Transforms into a SOL Reserve Strategy Company, Supported by the Solana Foundation and Ark
Brera Holdings was originally a sports holding company focused on multi-club operations. It is listed on the Nasdaq under the ticker symbol BREA.
Brera Holdings will rebrand as Solmate and transition to SOL Reserve Strategies, having secured $300 million in funding through a private placement offering (PIPE). The PIPE was sponsored by Pulsar Group, a UAE-based technology and blockchain consulting firm, and received support from traditional investment firms including the Solana Foundation, RockawayX, and ARK Invest. Marco Santori, former General Counsel at Kraken, will serve as CEO of Solmate.
Solmate expects to reach a definitive agreement after signing a letter of intent with the Solana Foundation that will lower the starting price of the additional SOL issuance, enabling Solmate to significantly increase the growth rate of SOL per share in the future.
Solmate aims to place Solana's blockchain-based solutions at the heart of the UAE's digital transformation agenda by deploying advanced infrastructure and efficient staking strategies. Solmate plans to invest a portion of the raised funds in revenue-generating crypto infrastructure projects in the UAE. Solmate's planned Solana validators will, for the first time, provide regional investors with access to high-performance SOL validators in the Middle East, leveraging Solana's native yield-generating capabilities.
Solmate PIPE issuance costs only $4.5
On September 18, 2025, Brera Holdings PLC (and certain accredited investors (the “Purchasers”) entered into a Securities Purchase Agreement pursuant to which the Company agreed to sell and issue the following common shares to the Purchasers through a private placement offering (PIPE):
Class B common stock + PIPE common stock warrants: 58,005,516 shares at $4.50
PIPE Pre-Funding Warrants + PIPE Common Stock Warrants: 8,661,152 units at $4.45
The PIPE common stock warrants are exercisable immediately upon issuance, have a term of 36 months, and have an exercise price of $6.75 per share. The PIPE pre-funding warrants are exercisable immediately, have an indefinite term, and have an exercise price of $0.05 per share.
The gross proceeds from the PIPE offering are approximately $300 million, payable in cash, USDT or SOL.
Cantor Fitzgerald & Co. served as sole placement agent and financial advisor for the PIPE offering.
Ark bought 6.5 million shares of BREA, making a profit of $130 million in a single day
Ark Invest, led by Cathie Wood, purchased a total of 6.5 million shares of BREA through its three funds. The details are as follows:
ARKK: Buy 4,316,257 shares
ARKW: Buy 1,395,691 shares
ARKF: Buy 788,053 shares
BREA's stock price rose 225% that day, closing at $24.9, a 4.5-fold increase from the PIPE's cost of $4.5. Ark's investment cost less than $30 million, but it has already generated $130 million in unrealized profits.
This article Ark invested in Solana reserve strategy company Solmate and made a profit of US$130 million in a single day first appeared in Chain News ABMedia.
