Overview

• Solmate Infrastructure said it purchased $50 million of SOL directly from the Solana Foundation at a reported 15% discount during a market liquidation.
• The company stated the tokens will power bare‑metal validators in Abu Dhabi under the Foundation’s “Solana By Design” initiative.
• The Solana Foundation secured the right to nominate up to two directors to Solmate’s board as part of the arrangement.
• ARK Invest disclosed ownership of roughly 11.5% of Solmate as of Sept. 30 via a Schedule 13G, reflecting PIPE participation and follow‑on share purchases.
• Solmate, the rebranded successor to Brera Holdings after a $300 million PIPE backed by the Foundation, ARK, RockawayX and Pulsar Group, is repositioning as a Solana-focused infrastructure and treasury operator based in the UAE.