
PANews|Oct 14, 2025 13:20
[Brera Holdings Announces Direct Purchase of $50 Million Worth of SOL from the Solana Foundation]
According to Globenewswire, Nasdaq-listed company Brera Holdings has announced a direct purchase of $50 million worth of SOL from the Solana Foundation. Based on the strategic agreement between the company and the Solana Foundation, this purchase will be used to support the company's Solana infrastructure and solidify its position as a key component of the UAE's digital transformation agenda.
It is reported that Solmate (formerly Brera Holdings) will join the 'Solana By Design' program and grant the Solana Foundation the right to nominate up to two directors. Meanwhile, Ark Invest disclosed that as of September 30, it holds approximately 11.5% of Solmate's shares, having previously subscribed to 6,500,001 shares through PIPE and subsequently increased its holdings by 779,619 shares.
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