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5h ago

Brera Rebrands as Solmate After $300 Million PIPE to Build Solana Treasury

A UAE-led deal positions the company to tie SOL accumulation to Abu Dhabi validator infrastructure.

Solmate bets $300M on SOL treasury - Is Solana's ‘institutional moment’ finally here? 
Photo: Marco Bello
Solmate joins solana treasury push with $300m funding from uae investors, ark invest
ARK Invest, Solana Foundation back new $300M Solana digital asset treasury Solmate

Overview

  • The oversubscribed private investment in public equity was arranged by UAE-based Pulsar Group with participation from ARK Invest, RockawayX and the Solana Foundation.
  • Solmate will accumulate and stake SOL while deploying bare metal validator servers in Abu Dhabi to offer regional access to Solana yields.
  • Kraken’s former chief legal officer Marco Santori becomes CEO, with economist Arthur Laffer, RockawayX’s Viktor Fischer and two Solana Foundation appointees joining the board.
  • The company says a letter of intent with the Solana Foundation contemplates preferential access to SOL at a lower entry price, pending definitive agreements.
  • Brera’s shares spiked on the announcement, with intraday gains reported near 500%, as the pivot joins a wider wave of institutional Solana treasuries.