Brera Holdings Rebrands as Solmate After $300 Million Fundraise
Brera Holdings, a Nasdaq-listed sports ownership group, is rebranding as Solmate. The company raised $300 million through an oversubscribed private investment in public equity (PIPE). Following the announcement, its stock price surged over 225%.
Solmate will shift its core business to focus on digital asset treasury and infrastructure. The company will concentrate on the Solana (SOL) blockchain ecosystem.
New Focus on Solana Digital Asset Treasury and Validator Operations
Solmate plans to build a digital asset treasury by collecting and staking SOL tokens. It will also establish validator operations in Abu Dhabi. Validators help secure the blockchain network and earn rewards.
The company intends to run bare-metal servers in the UAE. This setup aims to provide better performance than typical cloud-based validators. Solmate may also list its shares on a UAE exchange while maintaining its Nasdaq listing.
Leadership and Board Updates
Marco Santori, former Chief Legal Officer at Kraken and partner at Pantera Capital, has been named CEO of Solmate. Santori said, “Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike.”
He added that Solmate will build “real crypto infrastructure in the UAE” as part of its strategy.
The new board includes economist Arthur Laffer, known for the Laffer Curve and recipient of the Presidential Medal of Freedom, and Viktor Fischer, CEO of RockawayX. Two board seats are reserved for Solana Foundation representatives.
Laffer stated, “Sound money has been the foundation of strong economies,” calling digital assets a positive step forward. Fischer said he believes Solana will be “the dominant blockchain network for capital markets.”
Brera will continue managing its sports clubs but will prioritize its crypto business. This move comes amid growing institutional interest in Solana, with investors like Galaxy Digital and Forward Industries making billion-dollar purchases.
