Solmate Infrastructure announced the $50 million purchase of GROUND tokens with a 15% discount during what the company described as the “worst liquidation event» in the history of cryptography.
The acquisition, made by the NASDAQ-listed company formerly known as Brera Holdings, will power Solmate’s bare infrastructure operations in the UAE.
Concurrently, Cathie Wood’s Ark Invest disclosed an 11.5% stake in Solmate Infrastructure via a Schedule 13G filing dated September 30, 2025, building on its prior participation in the company’s oversubscribed PIPE financing round.
Both announcements come as institutional confidence in Solana as an ecosystem and infrastructure-driven strategies within the crypto market increases.
Solmate doubles down on SOL amid market turbulence
Solmate executed the purchase pursuant to a strategic agreement with the Solana Foundation, capturing what the company considers to be a historically low market price for SOL.
The low entry price is essential for corporate cash flow strategies, which typically rely on consistent accumulation throughout market cycles to maximize long-term returns per share.
Additionally, as part of the agreement, the Solana Foundation obtained the right to appoint up to two directors to the board of Solmate Infrastructure.
The purchased SOL will power Solmate’s Solana infrastructure and make it a key part of the UAE’s digital transformation agenda, according to the company’s announcement.
Marco Santori, CEO of Solmate, said in the company’s release that they “I bought the dip.”
He added that the company “infrastructure first strategy” I will keep them “at the forefront of innovation in the Solana ecosystem, and ahead of simple treasury companies that rely solely on financial engineering to drive growth.”
Meanwhile, Ark Invest’s 11.5% stake builds on the expansion of its exposure to Solmate following initial investments of $300 million made through the company’s private placement earlier this year.
Solmate $300M Bet introduced UAE’s first Solana validator with support from @ARKInvestissement, @SolanaFndnand regional investors. #Solana #UNITED ARAB EMIRATES #Solmatehttps://t.co/TErfiq2716
– Cryptonews.com (@cryptonews) September 18, 2025
Solmate $300M Bet introduced UAE’s first Solana validator with support from Ark previously purchased 6,500,001 shares in Solmate’s oversubscribed PIPE funding round, which was believed to be the first-ever investment by a regulated US ETF in PIPE crypto infrastructure.
The company has since disclosed additional stock purchases totaling 779,619 shares, building on what Solmate believes is a continued belief in the Solana ecosystem and the company’s value proposition.
How Solana Treasury Companies are Reshaping Their Institutional Strategy
Solmate’s investment is part of broader institutional interest in Solana-based treasury vehicles, a space that has grown rapidly in recent months, much like other major altcoins.
Recent reports have shown that corporate treasuries holding Solana have crossed the $4 billion mark, with 16 institutions now holding a total of 15.83 million SOL, representing 2.75% of the token’s circulating supply.
Forward Industries leads with over 6.8 million SOL, valued at $1.61 billion, while companies such as Sharps Technology, DeFi Development Corp. and Upexi each hold approximately 2 million SOL, worth more than $400 million each.
In September, Galaxy Digital also accumulated 6.5 million SOL worth $1.55 billion over five days, making it one of the most active corporate buyers.
Additionally, Helius Solana Company also plans to acquire at least 5% of Solana, equivalent to more than $6 billion, once it meets market capitalization and regulatory requirements.
– Cryptonews.com (@cryptonews) October 9, 2025
Digital Asset Treasury (DAT) company Helius plans to buy at least 5% of Solana (SOL), the equivalent of more than $6 billion.Meanwhile, Solana generated $2.85 billion in annual revenue between October 2024 and September 2025, with the majority of this revenue coming from trading platforms, which accounted for $1.12 billion, or approximately 39% of total revenue.
Revenue growth has now exceeded Ethereum’s initial trajectory by more than 30 times. Five years after its launch, Ethereum had generated less than $10 million per month, while Solana now regularly produces between $200 million and $250 million.
In addition to increasingly bullish sentiment regarding the SOL price trajectory, market speculation is growing around potential Solana ETF spot approvals expected this month.
With pending applications from Fidelity, VanEck, Grayscale and others awaiting SEC decisions, analysts consider this month a “big” month for Solana.
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