What started as a European sports ownership company is now reinventing itself as a Solana giant. Nasdaq-listed Brera Holdings has shed its old identity and rebranded as Solmate, backed by a $300 million capital injection that marks one of the largest bets yet on Solana’s role in institutional finance.
The raise came through an oversubscribed PIPE deal supported by heavyweight investors including Pulsar Group from the UAE, ARK Invest, RockawayX, and the Solana Foundation. Instead of owning football clubs, the company will now dedicate its efforts to building a Solana-based treasury and validator infrastructure, with a particular focus on Abu Dhabi.
From Football Fields to Validator Nodes
Leading the transformation is Marco Santori, a Pantera Capital partner best known for his tenure as Kraken’s chief legal officer. He will oversee Solmate’s shift into a digital asset treasury model, where the company plans to steadily accumulate and stake SOL across market cycles. The board also features economist Arthur Laffer, RockawayX CEO Viktor Fischer, and two seats for Solana Foundation representatives.
The new strategy involves setting up bare-metal validator servers in Abu Dhabi — a signal that Solmate sees the UAE as a future hub for blockchain infrastructure. Executives also confirmed plans to pursue a dual listing on a UAE exchange alongside its Nasdaq presence, further tightening links with the Gulf region.
Strategic Accumulation Wave
Solmate’s pivot fits into a broader trend of corporate treasuries quietly loading up on Solana. Data from Strategysolanareserve.org shows 16 institutional players now hold a combined 15.83 million SOL, or roughly 2.75% of the entire token supply. Nearly two-thirds of that amount — 9.35 million SOL — is already staked at an average yield of 7.7%.
The largest single holder, Forward Industries, controls 6.82 million SOL worth more than $1.6 billion. Other notable entities include Sharps Technology and DeFi Development Corp, each with over 2 million SOL in their reserves.
Galaxy and Helius Join the Frenzy
Momentum around Solana treasuries has accelerated in recent weeks. Galaxy Digital disclosed the purchase of 6.5 million SOL valued at $1.55 billion, including a staggering $306 million worth in a single day. On the same day, Helius Medical Technologies — another Nasdaq-listed company — announced a $500 million private placement to create its own Solana treasury, backed by Pantera Capital and Summer Capital.
Both companies have signaled they will use staking and lending as part of their long-term strategies, echoing Solmate’s approach.
Price Rises With Institutional Demand
As institutional accumulation ramps up, Solana’s price has seen renewed strength. Trading around $249 at press time, SOL is up nearly 40% over the past month and 10% this week. While still about 15% below its January 2025 all-time high of $293, analysts say growing treasury adoption is helping underpin confidence in the network.
For Solmate, the $300 million raise is more than just rebranding — it’s a declaration that Solana is moving beyond speculation and into the heart of corporate finance.
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Source: https://coindoo.com/another-company-bets-big-on-solana-with-300m-treasury-shift/