Brera Holdings Rebrands into Solmate with $300M Solana-Focused Investment

Brera Holdings PLC, a Dublin-based sports investment company listed on Nasdaq, announced September 18 it will transform into Solmate, a Solana-focused digital asset treasury and crypto infrastructure firm following an oversubscribed $300 million private investment in public equity offering. The PIPE financing was sponsored by Pulsar Group, an Abu Dhabi-based blockchain advisory firm specializing in virtual assets and emerging technologies.

Marco Santori, former chief legal officer at crypto exchange Kraken, will serve as Solmate's chief executive officer. The company said Santori is a pioneer in digital asset treasury companies and helped launch the first altcoin treasury on Nasdaq. Joining him on the board will be economist Arthur Laffer, inventor of the Laffer Curve and recipient of the Presidential Medal of Freedom, and Viktor Fischer, CEO of RockawayX, a digital asset investment firm with approximately $2 billion in assets under management.

The Solana Foundation secured the right to appoint two additional board seats and will enter into a definitive agreement with Solmate that would lower the entry price for SOL token accumulation, the company stated. Other investors in the PIPE include early Solana backer RockawayX and traditional investment firms like ARK Invest.

Solmate plans to accumulate and stake SOL tokens while building revenue-generating crypto infrastructure projects in the UAE, starting with bare metal servers in Abu Dhabi configured to outperform typical digital asset treasury validator strategies. The company aims to operate the first performant SOL validator in the Middle East, allowing regional investors to capitalize on Solana's native yield-generating capabilities.

Brera Holdings currently operates a multi-club football ownership business, having acquired Brera Milano FC in 2022 and becoming majority owner of Italian Serie B club SS Juve Stabia in 2025. The company said it will continue operating these sports assets alongside its new crypto treasury business.

Pulsar Group CEO Alyazi Al Khattal said the firm is committed to positioning Solana at the heart of the UAE's digital transformation agenda. Santori said Solmate will execute a differentiated strategy by building real crypto infrastructure in the UAE rather than simply holding digital assets like other treasury companies. The company expects to pursue a dual listing on both Nasdaq and UAE exchanges.

Laffer emphasized the importance of sound money throughout history, stating that digital assets represent a return to private, rules-based money and one of the most positive steps forward in global monetary history. Fischer noted RockawayX's long-term conviction in Solana as the dominant blockchain network for capital markets.

Cantor Fitzgerald served as exclusive financial advisor and sole placement agent for the PIPE financing, while Lowenstein Sandler provided legal counsel to the sponsor group. The transaction follows growing institutional interest in Solana-based investment vehicles as the blockchain network has processed more transactions than other major blockchains. 

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