Solmate Buy $50M SOL for 15% Discount; ARK Invest Stake
Solmate Infrastructure don buy SOL token wey worth $50 million from Solana Foundation with 15% discount. Di buy go support their bare-metal infrastructure projects wey dey under Solana By Design initiative for UAE. Di deal also give Solana Foundation two board seats for Solmate. Dis one come after Solmate raise $300 million private funding wey Solana Foundation and RockawayX lead. Cathie Wood ARK Invest don take 11.5% stake for Solmate. People wey support di matter talk say di discounted sale go make Solana ecosystem grow faster on-chain. But people wey dey against warn say e fit make early participants lose their advantage. Corporate SOL holdings don reach $3 billion now, e show say more institutions dey interested. Traders suppose dey watch if SOL demand go increase as Solmate dey expand their staking and data-centre services.
Bullish
Di discounted buy wey worth 50 million dollars for SOL tokens and the 300 million dollars private funding round dey show say Solana get strong support from big institutions. ARK Invest hold 11.5% and Solana Foundation put their people for Solmate board make governance and credibility strong. These tins go make demand for SOL go up for short time as dem dey roll out infrastructure and staking services. For long term, more data centres and adoption for UAE under Solana By Design go make the ecosystem strong. Some critics talk say e fit dilute early ones, but overall e look like say SOL get bright future.