Nasdaq-listed Brera Holdings, a former European sports ownership company, has undergone a major transformation. It has rebranded as Solmate and secured a $300 million capital injection, signaling one of the largest institutional bets on the Solana ecosystem. The funding, an oversubscribed PIPE deal, was backed by notable investors, including ARK Invest, Pulsar Group, and the Solana Foundation.
Instead of managing sports teams, Solmate will now focus on building a Solana-based treasury and validator infrastructure, with a strategic emphasis on Abu Dhabi. The company will be led by Marco Santori, a Pantera Capital partner and former chief legal officer at Kraken. Solmate's new business model involves accumulating and staking SOL tokens, and it plans to establish validator servers in Abu Dhabi, reflecting its belief that the UAE is a future hub for blockchain technology.
This move by Solmate is part of a growing trend. Several corporations are quietly adding Solana to their treasuries. Data shows that 16 institutional players now hold a combined 15.83 million SOL, representing about 2.75% of the total supply. Nearly two-thirds of this amount is already staked, generating an average yield of 7.7%.
Recent weeks have seen an acceleration of this trend, with Galaxy Digital and Helius Medical Technologies also announcing significant Solana treasury acquisitions. Galaxy Digital purchased 6.5 million SOL, while Helius announced a $500 million private placement for its own Solana treasury. These companies also plan to use staking and lending to maximize returns.
This surge in institutional demand is impacting Solana's price, which is currently trading around $249, up almost 40% in the last month. The growing corporate adoption is helping to build confidence and support the network’s value, indicating that Solana is moving from a speculative asset to a key player in corporate finance.
September 2025, Cryptoniteuae