Brera Holdings (BREA), a Nasdaq-listed sports club owner, has entered the growing Solana (SOL) digital asset treasury sector with a $300 million fundraising initiative to accumulate SOL tokens.
The company announced on Thursday that it secured backing from UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX, and the Solana Foundation through a private investment in public equity (PIPE) round. The firm will rebrand to Solmate while continuing its sports-ownership operations.
Following the announcement, BREA shares surged 14%, while SOL price increased 5% over the past 24 hours.
Solmate joins other notable Solana treasury initiatives including Galaxy-backed Forward Industries (FORD) and Pantera-backed Helius Medical Technologies (HSDT), as the digital asset treasury trend expands beyond bitcoin (BTC) and ether (ETH).
The venture plans to hold and stake SOL tokens, develop validator infrastructure in Abu Dhabi, and generate revenue from Solana-native projects. Their initial deployment involves bare metal servers designed to outperform traditional validator setups, providing regional investors direct access to Solana's staking yields.
Marco Santori, a veteran digital asset lawyer and former Kraken executive, will serve as Solmate's CEO. The board will include economist Arthur Laffer, RockawayX CEO Viktor Fischer, and two appointees from the Solana Foundation.