In an announcement made earlier today, Solana-based (SOL) digital asset treasury (DAT) and crypto infrastructure firm Solmate – formerly known as Brera Holdings – stated that it had raised $300 million in a private placement in public equity (PIPE) offering.

Solmate Raises $300 Million To Push Solana Adoption

Nasdaq-listed sports club owner, Brera Holdings – now known as Solmate – is set to foster Solana adoption as it became the latest DAT to raise as much as $300 million to buy and stake the SOL token.

Notably, the PIPE offering was sponsored by Pulsar Group, a UAE-based technology and blockchain advisory firm. It was also backed by the Solana Foundation, RockawayX, and other investment firms like ARK Invest.

Solmate aims to increase shareholder value by accumulating and staking SO

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