This crypto stock surges 46% ahead of Coinbase and Robinhood

Group 1 - Brera Holdings PLC has rebranded as Solmate Infrastructure, shifting its focus to the Solana ecosystem and blockchain infrastructure [1] - The company announced plans to acquire Solana-based projects and businesses, aiming to enhance its staking operations [1] - Solmate has selected a data center in the UAE to host its first Solana validator [1] Group 2 - Following the rebranding news, SLMT shares surged by 46% during early U.S. market hours on October 23, trading around $12.44 [2] - The stock outperformed other crypto stocks such as Circle, Robinhood, and Coinbase [2] Group 3 - Solmate purchased $50 million worth of Solana tokens from the Solana Foundation at a 15% discount, indicating strong investor confidence in the network's potential [3] - The stock rally precedes the Solana Breakpoint 2025 event scheduled for December 11-13, where new products and expansion plans will be unveiled [3] Group 4 - Solmate announced a Waiver and Consent agreement with investors holding over 50% of the company's registrable securities, signaling reduced risk and stronger investor confidence [4] - An SEC filing revealed an extension of the deadline for submitting a resale registration statement to 60 days after the closing date of the Registration Rights Agreement [5] - The extension was approved by a majority of security holders, providing the company with regulatory flexibility [5] Group 5 - Brera Holdings PLC is known for its multi-club ownership strategy in professional football, operating clubs across Europe, Africa, and South America [6]