Inside Solmate’s $300M bet on Solana treasury and impact on SOL

ambcryptoPublished on 2025-09-18Last updated on 2025-09-19

Key Takeaways 

What happened? 

Sports group Brera pivoted to an SOL treasury firm with a $300 million bet, triggering a 225% stock rally. 

What’s next for Solana? 

The growing SOL treasury and upcoming ETF approval could start the altcoin’s ‘institutional moment.’

Solana[SOL] has scored another SOL treasury player. Solmate, a new firm rebranding from Nasdaq-listed Brera Holdings (Nasdaq: BREA), has announced a $300 million raise for an SOL treasury strategy. 

The firm will focus on the UAE, with the CEO (former Kraken CLO), Marco Sanori, adding that it will be ‘different’ from other players as it will build crypto infrastructure (validator nodes) in the Middle East. 

It will also accumulate SOL and stake most of it, while running its sports-club venture. Additionally, its shares will be tradable in the U.S. and the UAE. 

The move adds a growing list of SOL treasury firms across North America, Europe, Asia, and the Middle East. Still, SOL institutional adoption lags behind Bitcoin [BTC] and Ethereum [ETH]

Will SOL close the gap with ETH, BTC?

Worth pointing out that SOL treasury recently got two players $500 million for Helius and  $1.65 billion for Forward Industries, all backed by Pantera Capital. 

But according to the venture capital firm, institutional investors are still under-allocated to SOL (0.9%) compared to ETH (7%) and BTC (16%).  

Pantera Capital added that the upcoming ETF approval could usher in a new institutional moment for Solana. 

“With a Solana ETF approval expected as early as Q4 2025, we believe Solana is next in line for its ‘institutional moment’.”

Solana treasurySolana treasury

Source: Pantera Capital

In fact, most analysts believe that ETH and BTC printed new highs on the price charts because of institutional demand and great storylines.

Currently, institutions own $364 billion worth of BTC and $30B of ETH. SOL could be next if firms’ holdings grow to multi-billion dollar from current $925 million. 

Solmate is also backed by the Solana Foundation and a UAE investment firm.

For Mert Mumtaz, Founder of Solana-based development platform, Helius Labs, the update was ‘big’ especially for the UAE, which is called ‘crypto forward.’

Solana treasurySolana treasury

Source: X

Brera Holdings’ share (BREA) rallied 225% after the news.

Meanwhile, SOL slipped about 4% and traded at $245 after retreating from $253 as some traders locked in profit from the recent rally driven by the Fed rate cut. 

Next: SUI eyes $5 – But first, bulls must break THIS barrier
Share

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
xvs
VenusXVS
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
velodrome
Velodrome FinanceVELODROME
brev
BrevisBREV
zrx
ZRX（0X）ZRX

Related Reads

Sam Altman's Personal Alchemy of Wealth: Investing in 400 Companies, Over 10 Deeply Tied to OpenAI

The article investigates Sam Altman's personal wealth strategy, centered around his investments in approximately 400 companies while serving as OpenAI's CEO. Despite not holding direct equity in OpenAI, Altman has built a vast portfolio, with at least 10 of his investments having commercial ties or ongoing negotiations with OpenAI. This creates a complex network of potential conflicts of interest, drawing scrutiny from U.S. congressional committees and state attorneys general. Key investments highlighted include the anti-aging startup Retro Biosciences (valued at $258 million for his stake as of late last year) and the chipmaker Cerebras, whose value soared following an OpenAI procurement deal. His most significant financial gain is linked to the nuclear fusion company Helion, where a recent funding round reportedly increased his stake's value to at least $4.1 billion. The article details a decade-long relationship between Altman, Helion, and OpenAI, including a controversial non-binding power purchase agreement and Altman's efforts to secure investments from OpenAI and its backer SoftBank for Helion. Other points include internal investigations at Tools for Humanity (developer of Worldcoin) and OpenAI's massive contracts with tech giants like Nvidia. According to Forbes, Altman's net worth is around $3.4 billion, ranking him 1251st globally—a rise of over 1400 places since 2024. OpenAI's board states that Altman's external dealings are transparent and potential conflicts are carefully managed.

Odaily星球日报18m ago

Sam Altman's Personal Alchemy of Wealth: Investing in 400 Companies, Over 10 Deeply Tied to OpenAI

Odaily星球日报18m ago

Former SpaceX Engineer Reconstructs Financial Execution System Using First Principles

Former SpaceX engineer Lex Li applies "First Principles Thinking" to financial infrastructure with Plan Execution Lab, recently raising angel funding at a $50M post-money valuation. The team argues that the core function of finance is capital allocation, and the critical gap is not in trading but in execution, which remains highly manual and fragmented. While assets, liquidity, and settlement have migrated on-chain, execution workflows (monitoring, risk management, liquidity coordination) are still human-native. In an era of accelerating AI agents, strategy decay is rapid, shifting the competitive edge from having the best strategy to having the most robust execution network. Plan Execution Lab introduces two core components: 1. **PlanX**: A Financial Execution Protocol designed as infrastructure for the migration from CEX to DEX, providing on-chain execution capabilities, liquidity access, risk management, and capital orchestration. 2. **Xgent**: An Autonomous Financial Runtime. Users define investment intents, risk preferences, and constraints; Xgent automatically constructs an execution graph, verifies it, and handles ongoing execution and optimization—streamlining the process from Intent to Autonomous Execution. The long-term vision is to create the "Bloomberg Terminal for Autonomous Finance"—a shared operating environment and execution network built collectively by participants like execution nodes, liquidity providers, and autonomous agents. The future of finance, they contend, belongs not to isolated algorithms but to open, collaborative execution networks.

marsbit52m ago

Former SpaceX Engineer Reconstructs Financial Execution System Using First Principles

marsbit52m ago

Former SpaceX Engineer Reconstructs Financial Execution System from First Principles

Plan Execution Lab, a financial infrastructure project founded by former SpaceX engineer Lex Li, has raised angel funding at a $50M post-money valuation. The startup is applying "first principles thinking" from Li's SpaceX experience to rethink financial market execution. Their analysis posits that while assets, liquidity, and settlement have moved on-chain, the execution layer remains fundamentally human-dependent and fragmented. In the era of AI Agents, strategy advantages decay rapidly, shifting the competitive edge from isolated algorithms to robust **execution networks**. Plan Execution Lab's solution is a two-part system: **PlanX**, a Financial Execution Protocol designed to facilitate the migration from centralized exchanges (CEX) to on-chain markets by providing core on-chain execution capabilities; and **Xgent**, an Autonomous Financial Runtime. Xgent allows users to define investment goals and constraints, then autonomously constructs and manages the execution logic—moving from **Intent to Execution Graph to Verification to Autonomous Execution**. The long-term vision is to create the "Bloomberg Terminal for Autonomous Finance"—an operating environment not for humans, but for agents and execution nodes. The future financial system, they argue, will be a collaborative network built by diverse participants contributing execution capabilities, not secret strategies. The core competition will shift to who builds the most powerful and adaptive execution network.

链捕手53m ago

Former SpaceX Engineer Reconstructs Financial Execution System from First Principles

链捕手53m ago

First Long-Horizon Doc2Repo Training Dataset: Code Agents Move Beyond Bug Fixing and Begin Creating Repositories

With the advancement of LLM Code Agents, the research focus is shifting towards long-horizon, real-world tasks, moving beyond simple bug fixes to full repository generation. To address this, researchers from Renmin University of China introduced the DeNovoSWE dataset. This dataset focuses on long-term software engineering tasks, specifically the "document-to-repository" challenge—generating an entire, executable code repository from a task description. The DeNovoSWE construction method employs a Divide & Conquer approach. It breaks down target repositories into core capabilities and uses a multi-agent Draft-Critic-Repair workflow to automatically generate high-quality, evaluation-aligned task documents. The dataset also implements difficulty-aware filtering to balance quality and diversity. The result is a high-quality, anti-leakage dataset of 4,818 instances. Experiments show that models trained on DeNovoSWE achieve significant improvements in long-horizon repository generation. For instance, Qwen3-30B-A3B-Instruct's performance on the BeyondSWE-Doc2Repo benchmark increased from 5.8% to 47.2%, and on NL2RepoBench from 4.3% to 23.0%. Similar gains were observed with stronger backbones, demonstrating that dedicated long-horizon training data is crucial for advancing Code Agents from maintainers to architects capable of planning and building complete software projects from scratch.

marsbit1h ago

First Long-Horizon Doc2Repo Training Dataset: Code Agents Move Beyond Bug Fixing and Begin Creating Repositories

marsbit1h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SOL (SOL) are presented below.

活动图片

Top Questions