According to the press release dated September 18, 2025, Brera Holdings PLC is renamed as Solmate following an oversubscribed $300 million private investment in public equity (PIPE).
It is worth noting that the funding was sponsored by known players, including Pulsar Group, Solana Foundation, RockawayX, and Ark Invest. Solmate will act as a Solana-based digital assets treasury and crypto infrastructure company.
The company aims to drive shareholder value by holding and staking Solana, including fresh revenue from cutting-edge Solana staking infrastructure.
Following this development, Marco Santori, the CEO of Solmate, said, “ Solmate is not just another treasury; it will execute on a durably differentiated approach in a crowded field of look-alike DATs by building real crypto infrastructure in the UAE.”
He further added, “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. Solmate is well-positioned as Solana adoption accelerates across the institutional markets, DeFi, NFTs, and AI.”
Publicly listed companies now holding Solana worth billions
Since the beginning of this year, more than half a dozen publicly listed companies have come up with the plan to establish the Solana treasury reserve.
According to CoinGecko, Forward Industries holds the 1st rank and it holds 6,822,000 SOL, followed by DeFi Development Corp holding 2,095,748 SOL. Upexi has SOL worth $306,000,000.
Sharps Technology holds 2,000,000 Solana. Sol Strategies is holding SOL $62,077,715, Bit Mining has 44,412 SOL, Exodus Movement is holding 43,738 SOL, and Torrent Capital and Lion Group have a significant number of SOL.
A quick overview of Solana prices
Solana is now trading at $244.05 with an intraday loss of 1.46% yet in a week, the price grew by 6.49% and 38.30% in the past 30 days.
Despite an intraday decline, Solana is currently trading above the 20-day, 50-day, 100-day, and 200-day exponential moving averages.
Market experts argue that if bulls remain dominant in the coming sessions, the primary resistance levels are $256.61, followed by $300.62 and $371.86; on the other hand, the support levels are $114.13 and $70.12.
Currently, the market capitalization of Solana is $132.58 billion, which grew by 6.87% in a week, followed by a massive surge of 39.26% and has added 78.21% in a quarter.
Solana currently dominates 3.30% of the wider crypto market. The dominance grew by 4.93% in a week, surged by 29.54% in a month, and 39.71% in a quarter.
