Brera Holdings Secures $300M for Solana Treasury, Rebrands to Solmate

1 min

Brera Holdings (BREA), listed on Nasdaq, plans to raise $300 million to create a Solana (SOL) digital asset treasury.
The initiative is supported by UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX, and the Solana Foundation.
Following this announcement, BREA shares increased by 14%, while SOL saw a 5% rise in the last 24 hours.
Brera Holdings will rebrand to Solmate but continue its sports ownership activities.
Solmate intends to hold and stake SOL tokens, develop validator infrastructure in Abu Dhabi, and generate revenue from Solana-native projects.
Initial plans include deploying high-performance bare metal servers for improved validator setups.
Marco Santori will lead as CEO, with economist Arthur Laffer, RockawayX CEO Viktor Fischer, and two Solana Foundation appointees on the board.

For more details, read the full article here.