Sports group Brera rebrands as Solmate after $300M investment
Brera Holdings, a Nasdaq-listed sports ownership group, is rebranding itself as Solmate following a successful $300 million investment round to focus on a Solana-based digital asset treasury and infrastructure business. The private investment was backed by Pulsar Group, ARK Invest, RockawayX, and the Solana Foundation. Solmate aims to accumulate and stake Solana (SOL), build validator operations in Abu Dhabi, and set up servers there for Solana's validation. Marco Santori, a partner at Pantera Capital, will serve as CEO with notable board members including economist Arthur Laffer. The company intends to pursue a dual listing in the UAE while maintaining its Nasdaq presence. Increased corporate interest in SOL is highlighted, with many institutions, including Galaxy Digital and Helius Medical Technologies, announcing significant investments and treasury plans centered around Solana, as SOL's price rises significantly. Current trading for SOL stands around $249, showing a 38.7% increase over 30 days, despite a dip from its all-time high earlier this year.
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