Brera Holdings, a sports club owner listed on Nasdaq, is venturing into the digital asset treasury space by raising $300 million to accumulate Solana (SOL) tokens. This announcement, made on Thursday, indicates a significant shift for the company, which will rebrand as Solmate while continuing to maintain its core sports-ownership operations.
The fundraising effort received considerable backing from notable firms, including UAE-based Pulsar Group, Cathie Wood’s ARK Invest, RockawayX, and the Solana Foundation, all participating in a private investment in public equity (PIPE) round. Following the announcement, Brera’s shares experienced a rally, climbing 14%, while SOL tokens increased by 5% over the previous 24 hours.
Solmate’s entry into the Solana treasury ecosystem aligns with a growing trend, as more companies explore digital asset strategies beyond traditional cryptocurrencies like Bitcoin and Ethereum. Other high-profile endeavors in this space include Galaxy-backed Forward Industries and Pantera-backed Helius Medical Technologies.
With a focus on holding and staking SOL tokens, Solmate plans to build validator infrastructure in Abu Dhabi and generate revenue through Solana-native projects. The firm’s initial strategy includes deploying a set of bare metal servers, which are expected to outperform conventional validator setups. This initiative aims to provide regional investors with direct access to Solana’s staking yields, enhancing their participation in the digital asset domain.
Marco Santori, a prominent figure in the digital asset legal landscape and former executive at Kraken, has been appointed as the CEO of Solmate. The board will also include economist Arthur Laffer, RockawayX CEO Viktor Fischer, and two representatives from the Solana Foundation, signifying a strong leadership team poised to navigate the evolving digital asset environment.
