According to FT, Nasdaq-listed company Brera Holdings (now renamed Solmate), which secured $300 million in preferred stock financing led by ARK Invest and Abu Dhabi's Pulsar Group, has seen its stock price take a significant hit after transitioning into a Solana treasury/crypto holdings company. The company originally held shares in lower-tier football clubs in Italy, North Macedonia, Mozambique, and Mongolia, but began purchasing and accumulating SOL following a 'strategic transformation' last year. As the hype around crypto vaults fades, Solmate's stock has dropped over 90% since the financing round. FT reports that its Mongolian club, Brera Ilch FC, was relegated from the Mongolian Premier League and is not listed in the new season's lower-tier league lineup. https://(wublock123.com)/news/brera-solana-crypto-vaults-stock-down-90-stops-mongolia-football-63608