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Brera Holdings (BREA), a Nasdaq-listed sports nine owner, is the latest entrant into the increasing Solana (SOL) integer plus treasury tract raising $300 cardinal to accumulate the token.
Announced connected Thursday, the steadfast secured backing from UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX and the Solana Foundation successful a backstage concern successful nationalist equity (PIPE) round. It volition besides rebrand to Solmate, portion maintaining its sports-ownership business.
The shares rallied 14% pursuing the news. SOL roseate 5% implicit the past 24 hours.
Solmate's debut follows caller high-profile Solana treasury plays specified arsenic Galaxy-backed Forward Industries (FORD) and Pantera-backed Helius Medical Technologies (HSDT) arsenic the integer plus treasury inclination is expands beyond bitcoin (BTC) and ether (ETH).
The Brera task aims to clasp and involvement SOL tokens, physique retired validator infrastructure successful Abu Dhabi and prosecute gross from Solana-native projects. Its archetypal planned deployment is simply a acceptable of bare metallic servers configured to outperform accepted validator setups, giving determination investors nonstop entree to Solana’s staking yields, the steadfast said.
Marco Santori, a longtime integer plus lawyer and erstwhile Kraken executive, volition pb Solmate arsenic CEO, portion economist Arthur Laffer, RockawayX CEO Viktor Fischer and 2 appointees from the Solana Foundation articulation the board.
Read more: Ether Bigger Beneficiary of Digital Asset Treasuries Than Bitcoin oregon Solana: StanChart
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