Cathie Wood-Backed Solana Treasury Explodes 50% After Revealing ‘Aggressive’ M&A and SOL Buys

Solmate Infrastructure, a Cathie Wood-backed Solana-focused digital asset treasury, saw its shares soar by nearly 50% on Wednesday after unveiling plans for an aggressive mergers and acquisitions strategy and confirming additional Solana (SOL) purchases at discounted market prices.) ￰1￱ registration statement for PIPE investors is expected to be filed with the ￰2￱ and Exchange Commission by November ￰3￱ said the amendment provides greater flexibility as it completes infrastructure projects and prepares for additional acquisitions. Notably, Solmate’s $300 million financing round, completed in September, drew backing from ARK Invest, the Solana Foundation, early Solana investor RockawayX, and UAE-based Pulsar ￰4￱ company’s board includes economist ￰5￱ Laffer and RockawayX CEO Viktor Fischer, while the Solana Foundation holds the right to appoint two ￰6￱ Sees Record Institutional Holdings as 20 Firms Control $3.86B in SOL Notably, data from the Strategic Solana Reserve shows that 20 institutional entities now hold more than 20.3 million SOL, valued at roughly $3.86 billion, representing about 3.5% of the token’s circulating supply.) October 17, 2025 The company said the purchase reflects its confidence in Solana’s long-term value, even as major institutions such as BlackRock reportedly reduced exposure amid geopolitical ￰7￱ notable players include Sharps Technology, with 2.14 million SOL worth $405 million; Upexi Inc., holding 2 million SOL valued at $379 million; and Solana-focused biotechnology firm Solana Company (HSDT), now controlling over $500 million in combined ￰8￱ AI stock has fallen 57% after unveiling a $2B Solana treasury plan with@MarinadeFinance.

Shares later partly recovered. #VisionSysAI #Solana #SOL ￰0￱ — ￰9￱ (@cryptonews) October 1, 2025 Across the market, institutional adoption of Solana continues to ￰10￱ AI recently unveiled a $2 billion Solana treasury initiative in partnership with Marinade Finance, while Fitell Corporation secured a $100 million credit line to build a Solana-based treasury under its planned rebrand as Solana Australia Corporation.