Solmate Infrastructure Stock Soars 30%, Driven by M&A Plans and SOL Buys

Shares in Solmate Infrastructure, a company backed by Cathie Wood’s Ark Invest, experienced a significant surge of over 30% following the announcement of an aggressive mergers-and-acquisition (M&A) strategy. The firm confirmed additional Solana (SOL) token purchases at discounted prices and intends to leverage these acquisitions for its validator operations. This growth is attributed to institutional adoption of Solana, with Fidelity recently granting retail and institutional clients access to SOL trading on their platforms.