TLDR
- Nasdaq-listed Brera Holdings reclassified as Solmate after collecting $ 300 million for a solar-based treasury
- Former Kraken Clo Marco Santori will lead Solmate as CEO with a board including economist Arthur Laffer
- The company will switch from sports owners to collect solar, SATS and operate validation operations in Abu Dhabi
- Ark Invest, Pulsar Group, Rockawayx and Solana Foundation supported the overwritten pipe agreement
- Institutional interest in Solana continues to grow with tracked units that now hold 15.83 million sun (2.75% of the total supply)
Brera Holdings, previously focused on sports ownership with football clubs throughout Europe, has announced a large pivot in the Cryptocurrency space. The Nasdaq-listed company is reclassified as Solmate and collected $ 300 million through an oversubscribed private investment in Public Equity (Pipe) to launch a solar-focused digital access to the Treasury and the infrastructure.
The funding round is supported by several major players in crypto and investment space. These include United Arab Emirates-based Pulsar Group, Cathie Wood’s Ark Invest, Rockawayx and Solana Foundation.
Only in: Cathie Wood supports $ 300 million solaran 🇮🇹⚽
Brera Holdings Rebrands to Solmate, run by Ark Invest & Abu Dhabi Capital to collect sun.
Shares rose 225% 📈 When sun climbed ~ 8.5% to $ 247.50.
Wall Street + Sports Clubs = New Solana Treasury Model. 🔥 pic.twitter.com/frlmgbqidn– Jessica Gonzales (@lil_disruptor) September 19, 2025
Marco Santori, a partner at Pantera Capital and former Chief Legal Officer at Cryptocurrency Exchange Kraken, will take Roret as CEO of Solmate. The leadership team will be strengthened by the addition of the prominent economist Arthur Laffer, known for “Laffer Curve”, who will join the board together with Rockaway’s CEO Viktor Fischer. Solana Foundation will appoint two more board members.
The company’s new direction represents a complete transition from its previous focus on sports ownership. Solmate will now concentrate on building a solar-based digital asset Treasury (DAT) and developing infrastructure operations around Cryptocurrency.
Build infrastructure in Abu Dhabi
An important part of the Solmate strategy involves establishing bare metal servers in Abu Dhabi to run Solaana validators. This movement is in line with the company’s broader goal of expanding the blockchain infrastructure in the United Arab Emirates.
Solmate also plans to conduct a double listing on a UAE exchange while retaining its current Nasdaq presence. According to Pulsar Group’s CEO Alyazi Al Khattal, Solmate will place Solana in the middle of the UAE digital transformation agenda.
The company has secured a letter of intent with the Solana Foundation that provides discounted access to solar symbols.
“Our stakeholders have depth, long-term conviction in the Solana ecosystem and will demand that we collect sun through both bull and bear markets,” says CEO Marco Santori.
Growing institutional interest in sole
Solmate joins a growing trend with institutional interest in Solana. At present, 16 tracked units have a combined 15.83 million sun, corresponding to about 2.75% of the token’s total supply and worth almost $ 4 billion at current prices.
Of the total institutional holdings, 9.35 million sun is actively stacked and accounts for 1.63% of supply and generates an average return of 7.7%. Forward industries, institutional owners with 6.82 million sun are worth approximately $ 1.63 billion, followed by Sharps technology with 2.14 million solar and defi development crust with 2.10 million sun.
Galaxy Digital recently revealed the purchase of 6.5 million sun worth approximately $ 1.55 billion for just five days, including $ 306 million in a single day. The company also participated in a private investment of $ 1.65 billion for forward industries together with Multicoin Capital and Jump Crypto.
Another Nasdaq-listed company, Helius Medical Technologies, announced a private investment of $ 500 million to build a solar-focused business fund. This initiative is led by Pantera Capital and Summer Capital, with plans to scale Sol Holdings over the next two years.
Defi Development Corp. Extends its Treasury Accelerator program and will distribute between $ 5 million and $ 75 million per vehicle to other digital asset funds worldwide. The company expects these commitments to be financed in cash or in Natura Solana, with any profits reinvested in more solar.
At the time of writing, the sun traded about $ 249, an increase of 38.7% in the last 30 days and almost 10% during the week. However, it remains about 15% during its highest period of $ 293.31, which was reached on January 19, 2025.
