Another cryptocurrency holding company has emerged. Brera Holdings, a Nasdaq-listed sports-holding company, is transitioning to a solana-based digital asset treasury with the backing of Cathie Wood's ARK Invest. Shares rallied 225% on Thursday. The stock reversed Friday after an early-morning surge to dive lower.
Brera Holdings has operated as an Ireland-based international holding company with a portfolio of men's and women's soccer clubs via a multiclub ownership strategy.
Brera has a stake in two Italian teams, in the Serie B and an amateur side, as well as stakes in clubs in North Macedonia, Mozambique and Mongolia.
On Thursday, the company announced that it will become a solana-based digital asset treasury and crypto infrastructure company, called Solmate.
Solmate plans to accumulate and stake $SOL tokens, and expand into new revenue streams with solana's infrastructure. The company will continue to operate Brera's existing sports ownership business as well.
To help fund the transition and treasury, Brera on Thursday announced it raised $300 million private placement offering, which was sponsored by United Arab Emirates-based Pulsar Group and included backing from Cathie Wood's ARK Invest, the Solana Foundation, and RockawayX.
The company said it plans to establish the UAE as the "capital of the Solana ecosystem."
Brera's Cathie Wood Boost
Cathie Wood and ARK Invest purchased 6.5 million shares of BREA stock on Thursday, according to daily trade updates from the firm.
ARK added 4.3 million shares to the flagship ARK Innovation ETF. Nearly 1.4 million shares were added to the ARK Next Generation Internet ETF. Wood purchased 788,053 shares for the ARK Fintech Innovation ETF.
Brera stock rocketed 225% on Thursday, closing at 24.90. Shares hit an intraday peak of 52.95, marking its highest level since its January 2023 IPO.
BREA stock jumped another 56% early Friday, but reversed to drop nearly 33% and close at 16.60. Brera has soared 170% so far this month, with a 101% gain in 2025.
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