Solana’s Solmate Launch Spurs 500% Stock Surge After $300M Raise

- Brera Holdings rebrands to Solana-focused Solmate following a $300 million raise. - The company's stock (BREA) soars 500% to $24.75 on the strategic pivot. On September 18, 2025, Cointelegraph reported that Brera Holdings officially pivoted to Solmate, signaling a major shift toward Solana-based digital asset operations. This transformation is supported by a $300 million Private Investment in Public Equity (PIPE). The UAE-based Pulsar Group led the investment, with participation from Cathie Wood’s Ark Invest and the Solana Foundation. The rebranding positions Solmate as a firm dedicated to accumulating and staking Solana’s native token, SOL, and advancing regional cryptocurrency infrastructure. As part of its strategy, Solmate plans to deploy high-performance “bare metal” servers in Abu Dhabi to enhance staking operations for investors in the UAE. These initiatives mesh with the country's broader digital transformation goals. Collaboration with the Solana Foundation is a cornerstone of Solmate’s strategy, and the companies have signed a letter of intent to solidify a definitive agreement that will allow Solmate to acquire SOL tokens at discounted prices. In addition, leadership transitions are driving the strategic overhaul. Marco Santori, formerly Kraken’s Chief Legal Officer, has stepped into the role of CEO, while the board now features prominent figures such as economist Dr. Arthur Laffer and RockawayX CEO Viktor Fischer. The Solana Foundation also holds the right to appoint two additional board members. To expand its global presence, Solmate intends to pursue a dual listing on Nasdaq and a UAE-based exchange. While its primary focus is on digital assets, the company will continue managing Brera Holdings’ multi-club sports ownership business. The $300 million PIPE funding was oversubscribed, highlighting strong investor confidence and support for the company’s ambitious Solana-focused strategy and its alignment with regional blockchain initiatives. According to CoinMarketCap on September 18, Solana (SOL) traded at $248.18 as of 21:08 UTC, with its 24-hour trading volume up by 4.69%.