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Solmate CEO Marco Santori on its Solana bet
CNBC Televisionยท2025-09-26 23:09

Company Overview & Strategy - Soulmate, formerly focusing on digital asset treasury and crypto infrastructure, is pivoting to highlight its focus on Solana [1] - Soulmate aims to generate more "soul" (likely referring to Solana tokens) per share for investors than they could earn independently through staking and DeFi participation [2] - Soulmate differentiates itself by establishing real infrastructure in the UAE, including bare metal servers to run Solana validators [3][6] Financial & Investment Perspective - Solana experienced a decrease of approximately 15% in value during the week [1] - Soulmate raised $300 million from investors, including Kathy Woods' Ark Invest [1] - Treasury companies' value should reflect the management team's vision and strategy, not just staking activities [8] Technological Infrastructure - Soulmate is setting up bare metal servers in the UAE to run Solana validators, aiming for faster, more efficient, and more profitable transaction processing [6][7] - The company believes its validator infrastructure will generate more "soul" per share compared to treasury companies that outsource staking [9] Business Model - Soulmate has an underlying business that primarily owns sports teams, in addition to its digital asset treasury activities [6] - The company emphasizes that its strategy is synergistic with its "sole per share" growth, which is its key metric [7]