Solana Treasury's Solmate's largest external shareholder sues board of directors Odaily Planet Daily News: RBCH, the largest external shareholder of Solana's digital asset treasury company Solmate Infrastructure (SLMT), has sued the company's current executives and directors in the New York State Supreme Court, accusing them of violating trust obligations, making misleading statements, and engaging in self trading behavior. RBCH is associated with Viktor Fischer, founder and CEO of RockawayX, and currently holds approximately 22.74% of the shares in Brera Holdings, the parent company of Solmate. The institution led Solmate's $300 million PIPE financing in September 2025 and committed to investing $50 million. The lawsuit alleges that Solmate's board of directors engaged in multiple actions that harmed shareholder interests, including selling shares while other investors were still in lock up periods, signing advisory agreements biased towards board related parties, and directors Ron Sade and Keren Maimon personally buying approximately 2.298 million Class B shares at $4.97 per share, resulting in a dilution of approximately 20% for shareholders. The plaintiff claims that the transaction is suspected of being illegal. Fischer stated that Solmate's performance is severely poor, currently discounted by about 50% compared to its net asset value, due to poor company management and self dealing by the board of directors. Solmate currently holds about 2 million SOLs on paper, and its stock price has fallen by about 78% since the beginning of the year, making it one of the worst performing SOL DAT. In contrast, SOL fell by about 50% during the same period.