[Solmate, backed by ARK Invest, has seen its stock price plummet over 98% since transforming into a Solana treasury company] According to Cryptobriefing, Nasdaq-listed company Solmate (formerly Brera Holdings) has experienced a stock price drop of over 98% since completing a $300 million financing round and transitioning into a Solana treasury company. The company, which has received investments from institutions such as ARK Invest, Pulsar Group, RockawayX, and the Solana Foundation, currently holds approximately 2 million SOL. However, SOL has declined by about 50% over the past year, leaving the company's financial situation highly dependent on SOL's price and liquidity. Previously, on June 23, it was reported that Solmate's largest shareholder filed a lawsuit against the board of directors, accusing them of disclosure violations and engaging in self-dealing.