Solmate Rebrands and Raises $300M to Build Solana Treasury
Solmate has rebranded from Brera Holdings and closed an oversubscribed $300M PIPE to become a Solana-focused digital asset treasury provider. Backed by Pulsar Group, ARK Invest, RockawayX and the Solana Foundation, Solmate will accumulate and stake SOL under a MoU securing discounted purchases. Led by CEO Marco Santori with board members including Arthur Laffer and Viktor Fischer, the firm plans to deploy bare-metal validator nodes in Abu Dhabi and pursue a dual listing in the UAE while retaining its Nasdaq status. Solmate aims to scale SOL reserves through market cycles, targeting 7.7% staking yields. Institutional interest in Solana is rising: tracked entities hold 15.83M SOL (2.75% of supply) with 9.35M staked. Recent major acquisitions include Galaxy Digital’s $1.55B buy of 6.5M SOL and Helius Medical’s $500M placement. SOL traded near $249, up 38.7% in 30 days. Traders should watch Solmate’s treasury growth, staking returns and validator launch for potential market impacts.
Bullish
Solmate’s $300M oversubscribed PIPE and pivot to a Solana-focused treasury, backed by major investors and secured SOL purchase agreements, underscores strong institutional confidence in SOL. The planned earnings from staking (7.7%) and bare-metal validator deployment in Abu Dhabi signal increased on-chain activity and demand for SOL. Recent large buys (Galaxy Digital, Helius Medical) and rising token reserves (15.83M SOL) further tighten supply. Combined with a dual listing strategy, these factors are likely to drive buying interest and support upward price momentum for SOL, making the overall outlook bullish.