Solmate Raises ¥44.3 Billion, Pivots to Become a Solana-Focused Firm with Backing from Ark and Others

On the 18th, Brera Holdings, a Nasdaq-listed company, announced its name change to Solmate and its transformation into a Solana-focused digital asset treasury company. Following the announcement, Brera's stock price surged by 3.25 times, recording a 225.49% increase from the previous day. The UAE-based advisory firm Pulsar Group acted as the sponsor, and major U.S. hedge fund Ark Invest, along with RockawayX, completed a private placement of $300 million (¥44.3 billion), exceeding initial expectations. Former Kraken Chief Legal Officer, Marco Santori, is...