- Solmate Infrastructure acquired $50 million in Solana (SOL) tokens from the Solana Foundation at a 15% discount.
- The SOL tokens will power new validator operations in Abu Dhabi under the “Solana By Design” program.
- The Solana Foundation secured the right to nominate up to two board members at Solmate as part of the deal.
- Ark Invest currently holds about 11.5% of Solmate, further increasing its share through recent purchases.
- Technical analysis shows SOL trading between $191 and $211, with key support and resistance levels outlined for short-term price movement.
Solmate Infrastructure announced the purchase of $50 million worth of Solana (SOL) tokens directly from the Solana Foundation at a 15% discount to market value. The company plans to use these tokens to set up bare-metal validator infrastructure in Abu Dhabi, United Arab Emirates, as part of the Solana Foundation’s “Solana By Design” initiative.
Solmate revealed that the Solana Foundation negotiated the right to nominate up to two directors to Solmate’s board as part of the agreement. The company described this move as a strategic alignment with its efforts to expand digital asset infrastructure.
In an official statement, Solmate reported the purchase took place during a period of major market liquidation, describing it as a move to position the company’s treasury at cycle lows. Chief Executive Marco Santori said the firm “bought the dip” and called Solmate “brand new Solana infrastructure” for the UAE.
According to a recent filing, ARK Invest holds around 11.5% of Solmate’s shares as of September 30, 2025, following an initial purchase of 6.5 million shares in a private placement and further acquisitions amounting to about 780,000 additional shares. Solmate characterized this as ongoing support for its business strategy.
The company is shifting its business model from its previous focus as Brera Holdings on sports clubs to a digital asset treasury and infrastructure operation centered around the Solana Blockchain. Solmate will partner with RockawayX to operate validator nodes and develop additional projects in Abu Dhabi.
Technical analysis by CoinDesk Research indicates that SOL traded in a range between $191 and $211 over the last 24 hours, with significant price movement and trading volume. The report identified support around $193, with resistance near $205 and $211. As of October 14, 2025, at 15:31 UTC, SOL traded at $197, up 0.22% over the previous 24 hours, showing some price stabilization after earlier swings.
For more details, see the full press release.
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