Ark Invest and Solana Foundation Back $300M Deal to Transform Brera Holdings into Solana Treasury Powerhouse

Wall Street meets blockchain in a landmark move that's shaking up traditional finance.

The $300M Transformation

Ark Invest and Solana Foundation just placed a massive bet on institutional crypto adoption—backing Brera Holdings' pivot into a dedicated Solana treasury firm. This isn't just another funding round; it's a strategic play to bridge traditional finance with blockchain infrastructure at scale.

Why It Matters

The deal signals growing institutional confidence in Solana's ecosystem beyond mere speculation. Instead of parking funds in traditional instruments, Brera will now manage treasury operations entirely on-chain—leveraging Solana's speed and cost efficiency for corporate finance functions that haven't changed much since the abacus era.

Because nothing says 'financial innovation' like moving legacy treasury operations onto a blockchain that's proven it can handle the load—when it's not having a bad day.

Solmate will accumulate and stake Solana tokens

Solmate will accumulate and stake Solana’s native token. The company will also build out a new crypto infrastructure in the UAE. The project expects to finalize a definitive agreement with the Solana Foundation. This is followed by a letter of intent (LOI) that would give Solmate a discount on SOL purchases.

The release stated that, “Solmate expects to enter into a definitive agreement, following an already-executed letter of intent with the Solana Foundation, which WOULD lower the entry price for SOL accumulation.”

Marco Santori, who previously served as the chief legal officer at Kraken, will now take on the role of Solmate’s chief executive officer. He is joined on the board by famous economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer.

The Solana Foundation will have the right to appoint two additional directors. Ark Invest, which has previously backed other digital asset treasuries (DATs), is named as one of the institutional participants in the PIPE.

The CEO of Solmate said, “Solmate is not just another treasury. It will execute on a durably differentiated strategy in a crowded field of look-alike DATs by building real crypto infrastructure in the UAE … Solmate is well-positioned as Solana adoption accelerates across institutional markets, DeFi, NFTs and AI.”

According to the release, Solmate will not abandon Brera Holdings’ existing multi-club sports ownership business. The new DAT intends to push Solana into the UAE’s digital transformation strategy.

Solmate’s first infrastructure project will be bare metal servers in Abu Dhabi, designed to outperform typical DAT validator setups. These servers would allow regional investors to benefit directly from Solana’s native yield-generating features.

Solmate plans a dual listing on Nasdaq and the UAE exchanges, while advisors for the transaction include Cantor Fitzgerald and DLA Piper. Shares of Brera Holdings PLC ROSE more than 500% on the news, and the stock closed trading at $24.75, based on data from Stocktwits. The stock is up by 336% year-to-date (YTD) and 365% in the past 12 months.

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