Brera Holdings will purchase $50 million SOL to join the Solana ecosystem.

[Chain News] On October 14, Nasdaq-listed company Brera Holdings announced that it will directly purchase $50 million worth of SOL from the Solana Foundation. According to the strategic protocol between the company and the Solana Foundation, this purchase will be used to support the company's Solana infrastructure and reinforce its position as a key component of the UAE's digital transformation agenda.

It is reported that Solmate (formerly Brera Holdings) will join the "Solana By Design" program and grant the Solana Foundation the right to nominate up to two directors. Meanwhile, Ark Invest disclosed that it held approximately 11.5% of Solmate's shares as of September 30, having previously subscribed for 6,500,001 shares through PIPE and subsequently increased its holdings by 779,619 shares.

SOL5.24%
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