Solmate Makes $50 Million SOL Acquisition Amidst Market Dip, ARK Invests Heavily

Amidst recent market volatility, Solmate, a Solana-focused reserve strategy firm backed by investment giant ARK Invest, has made a strategic move. The company purchased $50 million worth of SOL directly from the ecosystem during the dip, securing a discounted rate. This deal comes as Solmate, formerly known as Brera Holdings, rebranded and raised $300 million through a private investment in public equity (PIPE). ARK Invest holds a significant 11.5% stake in the newly named Solmate and its stock ticker has been changed to SLMT.