TLDR
- Solmate Infrastructure shares jumped nearly 50% after announcing aggressive M&A strategy and discounted SOL token purchases
- The company completed its first Solana validator hardware assembly in UAE and bought SOL at 15% discount during market downturn
- Ark Invest disclosed an 11.5% ownership stake in the Nasdaq-listed company, formerly known as Brera Holdings
- Institutional holdings of Solana now total $3.86 billion across 20 firms, representing 3.5% of circulating supply
- Solmate raised $300 million in PIPE financing backed by Ark Invest, Solana Foundation, and RockawayX
Solmate Infrastructure saw its stock price climb to $12.55 on Wednesday before settling at $11.70. The surge followed the company’s announcement of plans to pursue mergers and acquisitions across the Solana ecosystem.
The Nasdaq-listed firm, trading under ticker SLMT, recently rebranded from Brera Holdings. The Irish company previously focused on multi-club ownership in professional football across Europe, Africa, and South America.
$SOL treasury firm Solmate stocks surged with 50% as they announced plans for a validator center. pic.twitter.com/KgOwsSXQlb
— Altcoin Buzz (@Altcoinbuzzio) October 23, 2025
Solmate completed assembly of its first validator hardware in the United Arab Emirates. The company selected a UAE data center to house what it calls the region’s first performant Solana validator.
The validator represents part of Solmate’s strategy to combine physical infrastructure with digital asset holdings. CEO Marco Santori, former Chief Legal Officer at Kraken, leads the company’s expansion efforts.
Solmate purchased SOL tokens at what it described as a historic discount to market prices. Earlier this month, the company confirmed a $50 million acquisition of SOL at a 15% discount during a major crypto market liquidation event.
The company did not disclose the size of its most recent SOL purchase. The tokens will support validator operations as part of the company’s infrastructure buildout.
Institutional Investment and Financing
Ark Invest disclosed an 11.5% ownership stake in Solmate as of September 30. The investment firm bought 6.5 million shares during the company’s PIPE financing and later added nearly 780,000 additional shares.
đ¨JUST IN: Solana treasury company @oursolmate (NASDAQ: SLMT) has purchased $50M worth of $SOL from the Solana Foundation at a 15% discount, while Ark Invest has disclosed a new ~11.5% ownership stake in the company.
Solmate recently raised $300M to build its digital asset⌠pic.twitter.com/2eiERqx3sK
— SolanaFloor (@SolanaFloor) October 14, 2025
The disclosure marks the first regulated U.S. ETF investment into a crypto infrastructure PIPE. Solmate’s $300 million financing round closed in September with backing from Ark Invest, the Solana Foundation, RockawayX, and UAE-based Pulsar Group.
Solmate announced an amendment to its registration rights agreement for PIPE investors. The company expects to file the registration statement with the SEC by November 22.
The company’s board includes economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer. The Solana Foundation holds the right to appoint two directors to the board.
Solmate’s market capitalization reached approximately $754 million following the stock price increase. The company gained 46% in early trading, outperforming other crypto-related stocks like Coinbase and Robinhood.
Growing Institutional Solana Holdings
Twenty institutional entities now hold more than 20.3 million SOL tokens valued at $3.86 billion. This represents about 3.5% of Solana’s circulating supply.
Forward Industries leads institutional holdings with 6.82 million SOL worth approximately $1.29 billion. The company established a 25-member crypto advisory board including Helium founder Amir Haleem and Superstate CEO Robert Leshner.
Helius Medical Technologies, rebranded as HSDT Solana Company, holds about 2.2 million SOL valued at $417 million. The firm announced additional acquisitions less than three weeks after completing a $500 million private placement led by Pantera Capital.
DeFi Development Corp increased its SOL reserves by 4.7% to $426 million this month. The purchase occurred during a market downturn when some institutions reportedly reduced crypto exposure.
Other institutional holders include Sharps Technology with 2.14 million SOL worth $405 million and Upexi Inc. with 2 million SOL valued at $379 million. Combined staking reserves among institutional holders exceed $1.8 billion with an average yield of 7.7%.
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