Solmate Purchases $50M in Solana from Solana Foundation as Ark Invest Boosts Stake to 11.5%

Solmate Infrastructure, formerly Brera Holdings, has taken a bold step toward advancing blockchain adoption in the United Arab Emirates (UAE) by purchasing $50 million worth of Solana (SOL) tokens directly from the Solana ￰0￱ acquisition, executed during one of the most turbulent market phases in crypto history, reflects growing confidence in Solana’s long-term ￰1￱ and Solana Forge a Strategic Alliance According to the press release , the strategic purchase was conducted under the Solana Foundation’s “Solana By Design” program and came with a 15% discount from the prevailing market ￰2￱ will deploy the acquired SOL to power its bare-metal infrastructure projects in the UAE, ensuring seamless blockchain integration across various government and enterprise ￰3￱ collaboration also grants the Solana Foundation the right to nominate two directors to Solmate’s board, solidifying the alignment between both ￰4￱ Santori, CEO of Solmate Infrastructure, emphasized that the firm’s infrastructure-first model ensures it remains at the forefront of blockchain ￰5￱ noted that Solmate’s positioning within the UAE often called the “Capital of capital” gives it a unique geographic advantage in bridging global finance and decentralized ￰6￱ Invest Expands Stake to 11.5% In a parallel development, Cathie Wood’s Ark Invest disclosed an 11.5% ownership stake in Solmate Infrastructure, marking one of its most significant blockchain-related investments to ￰7￱ initially participated in Solmate’s oversubscribed PIPE financing round, acquiring over 6.5 million ￰8￱ investment marked the first time a regulated American ETF joined a crypto infrastructure private placement.

Recently, Ark increased its holdings with an additional 779,619 shares, signaling continued conviction in Solana’s growth and Solmate’s ￰9￱ view Ark’s move as a reflection of institutional confidence in Solana’s utility-driven ￰10￱ investment also underscores a broader shift in institutional strategies favoring direct exposure to blockchain infrastructure rather than speculative ￰11￱ Price Recovery and Market Liquidations According to SolanaFloor data, the Solana network saw over $116 million in liquidations during the recent market downturn, making it one of the hardest-hit ecosystems. On-chain derivatives platforms accounted for about $75 million of those liquidations, while centralized exchanges contributed $41 ￰12￱ the volatility, Solana has since stabilized, trading around $196.98 , marking a 1.21% daily increase after a 13.56% weekly ￰13￱ Tardigrade, a market analyst, observed that Solana rebounded sharply from its $172 support level, gaining over 22% on the hourly chart.