Solmate Infrastructure Share Price Plummets 98% After $300M Financing Round

Brera Holdings, which once owned European soccer clubs, has seen its share price plummet over 98% following a $300 million financing round and strategic pivot to Solana-focused digital asset treasury management. The company rebranded as Solmate Infrastructure and appointed Marco Santori as CEO in 2025.

The PIPE financing involved acquiring $50 million worth of SOL directly from the Solana Foundation at a 15% discount, with ARK Invest holding approximately 11.5% of Solmate as of the latest disclosures. RockawayX, a European crypto venture firm, and UAE-based Pulsar Group also participated in the financing.

However, governance disputes soon consumed the company, with RockawayX accusing Solmate's board of self-dealing by issuing discounted shares without obtaining a proper fairness opinion. The allegations led to shareholder confrontations, and by mid-2026, Solmate had produced no new tokens or projects beyond accumulating and staking SOL.