Solmate secures $300M PIPE as Solana focus deepens

• Brera Holdings PLC transitions to Solmate, a Solana-driven digital asset treasury.
• Oversubscribed $300 million funding led by UAE’s Pulsar Group underpins growth plans.

On September 18, 2025, The Block reported that Brera Holdings PLC rebranded as Solmate and launched a $300 million Solana-focused digital asset treasury. The funding was raised through a Private Investment in Public Equity (PIPE) offering led by the UAE-based Pulsar Group, with additional backing from the Solana Foundation and Ark Invest, founded by Cathie Wood.

Solmate plans to leverage its collaboration with the Solana Foundation to acquire Solana (SOL) at preferential rates, bolstering its strategy to consolidate high-value cryptocurrency assets. Alongside treasury management, the company will expand its focus on crypto infrastructure projects in the United Arab Emirates, complementing its existing sports ownership ventures under the Brera Holdings model.

Aiming to strengthen its global and regional financial presence, Solmate has targeted a dual listing on the Nasdaq and a UAE-based exchange. Following the rebranding announcement, Brera Holdings’ shares saw a notable increase on Nasdaq, reflecting investor enthusiasm for the company’s new direction.

Marco Santori, previously Chief Legal Officer of Kraken, will take the helm as Solmate's CEO. The new board of directors includes economist Dr. Arthur Laffer, RockawayX CEO Viktor Fischer, and two representatives appointed by the Solana Foundation. This restructured leadership underscores Solmate’s commitment to strong governance and top-tier industry expertise.

As of September 18, 2025, 15:08 UTC, Solana (SOL) traded at $248.101, up 5.7% in the last 24 hours, based on market data.