Solana Treasury earns $300 million, BREA shares soar 500%

Nasdaq-listed sports holding company Brera Holdings announced a move to a Solana-based digital asset vault and renamed Solmate, which caused its share price (BREA) to soar 500% to nearly $46 before stabilizing at $40. The company raised $300 million in a round led by Pulsar Group, with Ark Invest, Solana Foundation and RockawayX also involved. CEO Marco Santori highlighted Solmate’s strategy to build a true crypto infrastructure in the UAE, aiming to build the country into a global Solana hub. The move put Solmate among the largest Solana vaults, in line with the trend of listed companies adding cryptocurrencies to their balance sheets in return for shareholders. Solana's native token SOL has recently traded above $249, up 6% in 24 hours and up 39% in the past month.