Brera Holdings buys $50 million in SOL during market downturn

ABU DHABI - Brera Holdings PLC (NASDAQ:SLMT), currently trading at levels that InvestingPro analysis suggests are above Fair Value, announced Tuesday it has purchased $50 million worth of SOL, Solana’s native cryptocurrency, at a 15% discount during what the company described as a significant market downturn.

The purchase was made directly from the Solana Foundation as part of a strategic agreement that includes granting the Foundation rights to nominate up to two directors to Brera’s board, according to a company press release.

Brera, which operates under the name Solmate Infrastructure, plans to use the acquired SOL to power its Solana infrastructure operations in the United Arab Emirates.

"Our infrastructure-first strategy will keep us at the forefront of innovation in the Solana ecosystem," said Marco Santori, CEO of Solmate Infrastructure.

Simultaneously, the company disclosed that Cathie Wood’s Ark Invest has increased its stake in Brera Holdings to approximately 11.5%, based on a Schedule 13G report as of September 30. Ark initially purchased 6,500,001 shares during Brera’s PIPE financing round and has since acquired an additional 779,619 shares. The company, now valued at approximately $992 million, has demonstrated impressive revenue growth of 151% over the last twelve months, with notably high gross profit margins of nearly 90%, according to InvestingPro data.

Brera Holdings, which trades on Nasdaq under the ticker SLMT, maintains its original business of multi-club sports ownership, including majority ownership of SS Juve Stabia, an Italian Serie B league club.

The company stated the SOL purchase aligns with its participation in the Solana Foundation’s "Solana By Design" program and supports the UAE’s digital transformation initiatives. The stock has shown significant momentum, delivering a 124% return over the past year despite high price volatility. InvestingPro subscribers can access 12 additional investment tips and comprehensive financial metrics to better evaluate this dynamic investment opportunity.

In other recent news, Brera Holdings PLC announced a significant transformation as it rebrands to Solmate, a Solana-based digital asset treasury and crypto infrastructure company. This strategic shift comes with a new ticker symbol, "SLMT," effective October 3, 2025, and is supported by a substantial $300 million private investment in public equity (PIPE) offering. The PIPE was oversubscribed and sponsored by UAE-based Pulsar Group, with contributions from the Solana Foundation, RockawayX, and ARK Invest. Additionally, Marco Santori, formerly of Kraken, will take the helm as CEO of Solmate. The company is also establishing dedicated servers in Abu Dhabi to enhance its Solana network capabilities. In management news, Pietro Bersani has resigned from his positions as Chief Executive Officer and Chief Financial Officer, with his departure not linked to any disagreements regarding company operations or policies. These developments mark a pivotal moment for Brera Holdings as it aligns itself more closely with the Solana ecosystem.

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