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Solmate Infrastructure (Nasdaq: SLMT, formerly Brera Holdings), a Solana-focused company backed by Cathie Wood, has been making frequent moves recently, with its stock price soaring nearly 50% on Wednesday due to its M&A strategy and plans to increase its holdings in SOL at a discount. The company has completed the assembly of its first validator hardware in the UAE and is about to launch the region's first "high-performance Solana validator". The facility is located in a newly selected data center in the UAE and is a key part of its two-wheel drive strategy of "physical infrastructure + digital asset library". 
Solmate: Purchase SOL at a discount, revise financing to expand spaceSolmate increased its holdings of SOL tokens at a "historic market discount" to support validator operations. Earlier this month, it confirmed the acquisition of $50 million in SOL at a 15% discount, calling the timing of the acquisition "the most serious liquidation event in crypto history." The stock price rose to US$12.55 during the session and closed at US$11.70, with a market value of US$754 million. Ark Invest holds 11.5% of its shares, highlighting the institutional focus on Solana's infrastructure track. CEO Marco Santori (former Kraken chief legal officer) emphasized that mergers and acquisitions will focus on Solana’s value chain strategic targets, rather than simply pursuing revenue. “Empowering the target’s growth through the SOL capital pool” is the core logic. In addition, the company revised the US$300 million oversubscribed PIPE financing registration rights agreement and is expected to submit a registration statement to the SEC before November 22. This move will provide greater flexibility for the implementation of infrastructure projects and subsequent acquisitions. This round of financing was completed in September. Investors include Ark Invest, Solana Foundation, RockawayX and UAE Pulsar Group. Board members include economist Dr. Arthur Laffer, etc. Solana Foundation has the right to appoint two directors. Solana institutional holdings: 20 companies control US$3.86 billion SOL Solana strategic reserve data shows that 20 institutional entities currently hold more than 20.3 million SOL, worth approximately US$3.86 billion, accounting for 3.5% of the circulating supply. The comprehensive pledge reserve exceeds US$1.8 billion, with an average yield of 7.7%. Forward Industries has become the largest institutional holder with 6.82 million SOL (approximately US$1.29 billion) and recently formed a crypto advisory board of 25 people including Helium founder Amir Haleem.； HSDT Solana Company (formerly Helius Medical Technologies) holds 2.2 million SOL (US$417 million) and completed a US$500 million private placement led by Pantera Capital three weeks ago. The financing scale can be expanded to US$1.25 billion through warrants. ； DeFi Development Corp. bucked the trend and increased its holdings by 4.7% this month, with SOL holdings reaching US$426 million, saying it was optimistic about long-term value, although institutions such as BlackRock reduced their holdings during the period of geopolitical turmoil. In addition, Sharps Technology (2.14 million SOL, US$405 million), Upexi Inc. (2 million SOL, US$379 million), etc. are also important positions. The institutional layout continues to deepen. VisionSys AI cooperates with Marinade Finance to launch a US$2 billion Solana financial plan. Fitell Corporation has obtained a US$100 million credit line and plans to change its name to Solana Australia Corporation and establish a Solana financial department. That’s it for today’s article. We are currently in a bull market and the situation is turbulent. We share passwords every day. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us~  |
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