The NASDAQ listed in Brera Holdings again rebranding as a solmate after raising $ 300 million in an oversubscribe private investment in public equity (pipe) to launch a company dedicated to Solana’s digital assets of Solana and infrastructure company.
The deal is supported by the United Arab Emirates -Based Pulsar Group, Ark Invest, Rockawayx and the Solana Foundation, According to In a Thursday announcement.
Brera, a sports ownership of the football clubs in Italy and throughout Europe, Solmate said to transfer its main focus to a Solana based on digital asset treasury (DAT) and infrastructure business, accumulated and staking Solana (Sol) while also building a validator operation in Abu Dhabi.
Marco Santori, a partner at Pantera Capital and former chief legal officer in Kraken, will lead the company, with economist Arthur Laffer and Rockawayx CEO Viktor Fischer joined the board next to two chairs reserved for the Solana Foundation.
A pipe, the financing method used by Solmate, is when a company that has been publicly raised money by selling shares directly with private investors, usually in a discount.
Solmate plans to set up nude metal servers in Abu Dhabi to run a Solana’s validator as part of its push to expand the blockchain infrastructure in the United Arab Emirates, and it expects to pursue a two-list in a UAE exchange with the presence of NASDAQ.
“Our stakeholders have a deep, long -term convincing the Solana ecosystem and will ask that we accumulate Sol through Bull and Bear Markets alike,” said CEO Marco Santori.
According to Solmate, the ready letter of the solana Foundation’s intent gives discount access to Sol.
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Solana strategic reserves rising
Institutional interest in Solana continues to climb.
In that amount, 9.35 million SOL is actively staked, which provides 1.63% of the supply and the formation of an average yield of 7.7%, according to data from strategysolanareServe.org.
The top pack is the forward industry, holding 6.82 million Sol worth nearly $ 1.63 billion in current prices, followed by Sharps technology with 2.14 million Sol and Defi Development Corp with 2.10 million sol.
The wave of corporate accumulation does not show the slowdown, while additional companies continue to reflect major handling in Solana.
On Monday, Galaxy digital purchases of 6.5 million solions were revealed by nearly $ 1.55 billion in five days, including $ 306 million in a single day. The company also joined the Multicoin Capital and jumped into crypto with a $ 1.65 billion private placement for the forward industries, though it was not confirmed if its acquisitions were directly tied to that deal.
On the same day, Nasdaq announced listed in Helius Medical Technologies A $ 500 million private placement To produce a Treasury dedicated to Solana, led by Pantera Capital and Capital, with plans to measure Sol Holdings for the next two years while exploring opportunities for avoiding and lending opportunities.
Solana’s growing interest as a treasury owner came as Sol’s price increased. At the time of writing, it traded around $ 249-to at 38.7% over the past 30 days and almost 10% during the week, even though it still dropped around 15% from all times high $ 293.31 on January 19, 2025, according to Co ringecko
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