ARK Invest Boosts Solmate Stake, Buys $162M in Shares Following $300M SOL Treasury Funding
September 19, 2025
ARK Invest has strengthened its position in Solmate (BREA), acquiring nearly $162 million worth of shares after participating in a $300 million funding round led by UAE-based Pulsar Group.
Solmate Rebrands and Raises Capital
The Nasdaq-listed sports club owner, formerly Brera Holdings, rebranded as Solmate to focus on building a digital asset treasury backed by Solana (SOL) tokens. The funding round also saw participation from RockawayX and the Solana Foundation, according to a Thursday announcement.
Cathie Wood’s investment firm added 6.5 million BREA shares to its ETFs: ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF), highlighting ARK Invest’s strategy of backing digital asset treasury companies from the ground floor.
Market Impact
BREA’s shares jumped from $7.40 to a peak of $52.95 before closing at $24.90, marking a 225% gain on the day.
Meanwhile, Solana (SOL) climbed to its highest level since January, surpassing $250 on Thursday and trading around $244, up more than 20% this month.
The transaction underscores ARK Invest’s ongoing commitment to Solana-based digital asset initiatives and the growing institutional interest in altcoin-linked treasury companies.
