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ARK Doubles Down on Solmate, Buys $162M of Shares After Funding SOL Treasury Purchase
Yahoo Finance· 2025-09-19 08:47
Group 1 - ARK Invest has invested nearly $162 million in Solmate (BREA) after participating in a $300 million funding round [1][2] - The company rebranded from Brera Holdings and aims to build a digital asset treasury based on Solana's SOL token [2] - ARK acquired 6.5 million shares of BREA across three of its ETFs: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) [3] Group 2 - BREA's share price experienced significant volatility, rising from $7.40 to a peak of $52.95 before closing at $24.90, marking a gain of over 225% on the day [3] - The price of SOL has reached its highest levels since January, surpassing $250, and has increased over 20% this month [4]
Solana Gets 'Solmate' via $300 Million Treasury Firm as Stock Surges 500%
Yahoo Finance· 2025-09-18 16:51
Group 1 - Brera Holdings is transitioning to a Solana-based digital asset treasury and rebranding as Solmate, leading to a significant increase in its stock price [1][3] - The company raised $300 million through a private investment in public equity round, with backing from notable investors including Ark Invest and the Solana Foundation [2] - Following the announcement, Brera's stock surged by 500% on the day, reaching close to $46 before settling around $40, with plans for dual listings on Nasdaq and the Abu Dhabi Securities Exchange [3] Group 2 - Solmate aims to differentiate itself in the digital asset treasury space by building real crypto infrastructure in the UAE, as stated by CEO Marco Santori [4] - The move positions Brera as one of the largest Solana treasuries, joining other public companies that have added significant cryptocurrency holdings to their balance sheets [5] - SOL, the native coin of the Solana blockchain, has gained popularity due to its low transaction costs and high speeds, with recent trading prices around $249 and a 39% increase over the last month [6][7]
Solmate Joins Solana Treasury Push With $300M Funding From UAE Investors, ARK Invest
Yahoo Finance· 2025-09-18 14:52
Group 1 - Brera Holdings (BREA) has raised $300 million to enter the Solana (SOL) digital asset treasury space, with backing from notable investors including Pulsar Group, ARK Invest, RockawayX, and the Solana Foundation [1][2] - Following the announcement, Brera's shares increased by 14%, while SOL experienced a 5% rise in the past 24 hours [2] - The company plans to hold and stake SOL tokens, develop validator infrastructure in Abu Dhabi, and generate revenue from Solana-native projects [3] Group 2 - Marco Santori, a prominent digital asset lawyer, has been appointed as CEO of the newly rebranded Solmate, with a board that includes economist Arthur Laffer and executives from RockawayX and the Solana Foundation [4]
X @The Block
The Block· 2025-09-18 14:38
Solana Foundation, Cathie Wood's Ark Invest join $300 million placement for new SOL treasury Solmate https://t.co/notPbbQZp9 ...
Wall Street Finds Its Solmate: Brera Holdings PLC (NASDAQ: BREA) Announces Oversubscribed $300 Million Private Placement to Fund Establishment of Solana Digital Asset Treasury Backed by Ark Invest and UAE Investors
Globenewswire· 2025-09-18 13:30
Core Viewpoint - Brera Holdings PLC will transition to Solmate, a Solana-based digital asset treasury and crypto infrastructure company, following a successful $300 million private investment in public equity offering [1][7]. Group 1: Company Overview - Solmate is positioned as a digital asset treasury focused on Solana's blockchain, with significant backing from the Solana Foundation and prominent UAE investors [2][7]. - The company aims to enhance the UAE's digital transformation by deploying advanced infrastructure and staking strategies [3][7]. - Marco Santori, a notable figure in the digital asset space, will serve as CEO, supported by a board that includes renowned economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer [5][7]. Group 2: Financial Backing and Strategy - The PIPE offering was oversubscribed and sponsored by Pulsar Group, with commitments from early Solana supporters and traditional investment firms like ARK Invest [1][7]. - Solmate plans to utilize the funds for revenue-generating crypto infrastructure projects, starting with high-performance servers in Abu Dhabi [3][7]. - The company intends to accumulate and stake $SOL, aiming to create new revenue streams through innovative Solana staking infrastructure [7]. Group 3: Market Position and Growth Potential - Solana is recognized as the fastest-growing blockchain, expected to surpass Bitcoin and Ethereum in growth over the next three years [4]. - Solmate's strategy includes establishing the UAE as a hub for the Solana ecosystem, aligning with the region's digital transformation goals [7][8]. - The company anticipates a dual listing on Nasdaq and UAE exchanges, further enhancing its market presence [7].
X @Bitget Wallet 🩵
Bitget Wallet 🩵· 2025-09-18 06:37
RT Bitget (@bitgetglobal)Gear up for #BitgetTurns7! Join our upcoming 𝕏 Livestream at Sep 19, 12:00 PM (UTC) and celebrate a new gear ahead with insights from:🎙️ @GracyBitget🎙️ @JamieElky | CMO @BitgetWallet🎙️ @Goltra | CEO @MorphLayer🎙️ Guy | Host & COO @coinbureau🎙️ Sam T. | Head of Investments & Strategic Partnerships @animocabrands🎙️ @ynonestop | APAC Head of Growth @SolanaFndn💰 $1,000 Giveaway (10 winners)1️⃣ Follow & repost with #BitgetTurns72⃣ Tune in live @bitgetglobal ...
X @mert | helius.dev
mert | helius.dev· 2025-09-18 02:49
RT Akshay BD (@akshaybd)job alert: may have an opening on the owned media team (X, newsletter, IG, etc.) at the solana foundationideally, you understand tech/finance deeply and a walking archive of the public square discoursewho should we be talking to? just tag them. formal jd/link etc coming soon ...
X @Bitget
Bitget· 2025-09-17 07:03
Gear up for #BitgetTurns7! Join our upcoming 𝕏 Livestream at Sep 19, 12:00 PM (UTC) and celebrate a new gear ahead with insights from:🎙️ @GracyBitget🎙️ @JamieElky | CMO @BitgetWallet🎙️ @Goltra | CEO @MorphLayer🎙️ Guy | Host & COO @coinbureau🎙️ Sam T. | Head of Investments & Strategic Partnerships @animocabrands🎙️ @ynonestop | APAC Head of Growth @SolanaFndn💰 $1,000 Giveaway (10 winners)1️⃣ Follow & repost with #BitgetTurns72⃣ Tune in live @bitgetglobal ...
Solana Veteran Joins Ava Labs to Spearhead Avalanche Growth
Yahoo Finance· 2025-09-16 16:00
Group 1 - Ava Labs appointed Arielle Pennington as senior vice president of growth to enhance institutional adoption and real-world asset tokenization efforts [1][3] - The Avalanche blockchain is experiencing significant institutional interest, highlighted by SkyBridge's $300 million hedge fund tokenization project on AVAX [1][4] - Pennington previously led communications at the Solana Foundation, where she contributed to the network's recovery and growth following the FTX collapse, resulting in a token surge of over 2,500% [2][3] Group 2 - Pennington aims to shape the Avalanche narrative and focus on ecosystem growth, including real-world asset tokenization and stablecoin infrastructure [3][4] - The Avalanche platform is positioned as a hub for builders, institutions, and everyday users, reflecting its commitment to institutional integration [4]
X @Solana
Solana· 2025-09-05 00:35
RT Eno | unstable stable genius (@YouKnowEno)I’M THROWING MY VERY FIRST CONFERENCEfor years i’ve been behind the mic. this time, our team running the show. feels surreal to turn dreams into reality.our mission is simple:WE WILL MAKE SOLANA THE NUMBER ONE CHAIN FOR STABLECOINSthat’s why we’re bringing together top solana protocols and korea institutions in a single room.Solana FoundationSuperteam KoreaHuma FinanceShinhan SecuritiesWoori InvestmentsKakao BankSkySarosUnitas LabsParticle NetworkPerenaSphereEthe ...