Summary
- Brera Holdings said it would change its company name to Solmate and announced plans to transition into a Solana infrastructure company.
- It said it will develop related businesses such as stockpiling Solana and participating as validators, based on a $300 million private placement.
- Solmate also plans to pursue a dual listing on Nasdaq and in the UAE.
Brera Holdings, listed on the U.S. Nasdaq, announced plans to change its company name and to stockpile Solana (SOL).
On the 19th (local time), according to GlobeNewswire, Brera said in a press release, "Based on the $300 million recently raised through private placement, we intend to become a Solana infrastructure company," adding, "We will carry out related businesses such as stockpiling Solana and participating as validators." It added that the company name will also be changed to Solmate.
Meanwhile, Solmate plans to pursue dual listing on Nasdaq and in the United Arab Emirates (UAE).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] “Bitcoin at risk of a fifth straight monthly decline…worst bear market since 2018”](https://media.bloomingbit.io/PROD/news/4842663d-6c96-44c4-a3d3-63aa6686644a.webp?w=250)
![[Market Update] Bitcoin slides to the $68,000 range… "Macro caution persists despite upbeat CPI"](https://media.bloomingbit.io/PROD/news/7c356c31-7d95-4f87-9e5b-bf3ebab9c6d6.webp?w=250)