Brera Rebrands as Solmate, Plans to Stake Solana and Run Validator Operations in Abu Dhabi After $300M PIPE

• Solmate raised $300 million to pivot from sports ownership to a Solana-focused digital asset treasury.

• The company will accumulate and stake SOL, build bare-metal validator infrastructure in Abu Dhabi, and pursue a UAE dual listing.

• Institutional Solana reserves total 15.83M SOL; 9.35M SOL is actively staked, yielding ~7.7% (source: Strategicsolanareserve.org).

Solmate rebrand: Solana-focused digital asset treasury and validator operations — read how the $300M PIPE fuels staking and Abu Dhabi expansion. Learn more.

What is Solmate?

Solmate is the rebranded Nasdaq-listed company formerly known as Brera Holdings, repositioning as a Solana-focused digital asset treasury (DAT) and infrastructure operator after a $300 million PIPE raise. The company will accumulate and stake SOL and build validator operations based in Abu Dhabi.

How will Solmate pivot its business and use the $300M funding?

Solmate will use the PIPE proceeds to establish a Solana corporate treasury, purchase SOL through a ready-executed letter of intent with the Solana Foundation, and deploy staking and validator infrastructure in the UAE. Leadership includes CEO Marco Santori and board members with institutional expertise, positioning the firm to scale SOL accumulation through market cycles.

The company, rebranded as Solmate, plans to stake SOL and run validator operations in Abu Dhabi as part of its pivot from sports ownership to a digital assets treasury company.

Nasdaq-listed Brera Holdings is rebranding as Solmate after raising $300 million in an oversubscribed private investment in public equity (PIPE) to launch a Solana-focused digital asset treasury and infrastructure company.

The transaction was backed by major investors including Pulsar Group (UAE), ARK Invest, RockawayX and the Solana Foundation, per the company announcement. Solmate plans to shift from sports ownership toward building a Solana-based DAT and infrastructure business focused on SOL accumulation and staking.

Company leadership will be led by Marco Santori, with economist Arthur Laffer and RockawayX CEO Viktor Fischer joining the board. Two board seats are reserved for representatives from the Solana Foundation.

A PIPE is a financing method where a public company sells shares directly to private investors, typically at a negotiated discount, enabling rapid capital raise without a public offering.

Solmate intends to install bare-metal servers in Abu Dhabi to run a Solana validator and to pursue a dual listing on a UAE exchange while maintaining its Nasdaq presence.

“Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull and bear markets alike,” said CEO Marco Santori.

Solmate says its letter of intent with the Solana Foundation gives it access to discounted SOL purchases, enabling more predictable treasury accumulation strategies.

Related plain text: Solana DATs, TradFi adoption convince traders that $300 SOL is possible

How large are institutional Solana reserves?

Institutional interest in Solana is rising. Sixteen tracked entities hold a combined 15.83 million SOL — about 2.75% of total supply. Of that, 9.35 million SOL is actively staked, representing roughly 1.63% of total supply and generating an average yield of 7.7%, per Strategicsolanareserve.org.

Source: Strategicsolanareserve.org

Top institutional holders include Forward Industries (6.82M SOL), Sharps Technology (2.14M SOL), and DeFi Development Corp (2.10M SOL). Large-scale acquisitions continue: Galaxy Digital disclosed purchases of 6.5M SOL (~$1.55B) over five days, and several firms joined major private placements tied to Solana allocation strategies.

Source: Strategicsolanareserve.org

Market context: SOL traded near $249 at the time of reporting, up 38.7% over 30 days and ~10% for the week, while remaining ~15% below its all-time high of $293.31 on Jan. 19, 2025 (price data per CoinGecko, mentioned as plain text).

Frequently Asked Questions

How much funding did Solmate raise and who backed it?

Solmate raised $300 million in an oversubscribed PIPE backed by Pulsar Group (UAE), ARK Invest, RockawayX and the Solana Foundation, enabling its pivot to a Solana digital asset treasury and infrastructure operator.

What percentage of Solana supply is held by institutional entities?

Tracked institutional holders control 15.83 million SOL, approximately 2.75% of total supply, with 9.35 million SOL actively staked (~1.63% of supply) generating an average yield of 7.7% (data from Strategicsolanareserve.org).

Key Takeaways

• Strategic pivot: Brera Holdings is now Solmate, focused on Solana treasury operations and infrastructure.
• Funding and partners: $300M PIPE backing from institutional and UAE-based investors enables rapid scale-up.
• Infrastructure plan: Solmate will deploy bare-metal validators in Abu Dhabi and pursue a UAE dual listing while building a long-term SOL accumulation strategy.

Conclusion

Solmate’s rebrand and $300M PIPE underline increasing institutional adoption of Solana as a corporate treasury asset. With leadership experienced in crypto and plans for Abu Dhabi validator infrastructure, Solmate aims to scale SOL accumulation and staking. Watch for further updates on treasury holdings and operational milestones.