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yesterday

Brera Rebrands as Solmate With $300 Million Solana Treasury as ARK Invests $162 Million

ARK disclosed a $162 million stake as Solmate targets SOL accumulation, staking, UAE validator build-out.

Solmate bets $300M on SOL treasury - Is Solana's ‘institutional moment’ finally here? 
Photo: Marco Bello
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ARK Invest, Solana Foundation back new $300M Solana digital asset treasury Solmate

Overview

  • The oversubscribed $300 million PIPE was arranged by UAE-based Pulsar Group with backing from ARK Invest, RockawayX and the Solana Foundation.
  • Kraken’s former chief legal officer Marco Santori was named CEO, with economist Arthur Laffer, RockawayX’s Viktor Fischer and two Solana Foundation appointees joining the board.
  • Solmate says it will acquire and stake SOL while building bare‑metal validators in Abu Dhabi to offer regional access to staking yields.
  • The company executed a letter of intent with the Solana Foundation for potential discounted SOL access, pending a definitive agreement.
  • Shares of Brera/Solmate spiked intraday by several hundred percent as the firm joined a wider institutional Solana push that includes Forward Industries’ $1.65 billion raise and Helius’ $500 million round, with trackers citing 15.83 million SOL held by institutions.