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ARK Invest Buys $162 Million Stake in Brera Holdings Amid Solana Push

ARK Invest Buys $162 Million Stake in Brera Holdings Amid Solana Push

ARK Invest’s $162 million purchase in Solmate follows a major rebranding and a push to develop a Solana-based digital asset vault, backed by significant funding.

SOL

Fact Check
The statement is strongly supported by the evidence. Multiple sources confirm that ARK Invest participated in a $300 million private placement for Brera Holdings (which is rebranding to Solmate) as part of a Solana-focused initiative. One credible source, CoinDesk, specifically quantifies ARK's investment at $162 million, directly corroborating the central claim of the statement.
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Summary

ARK Invest has increased its stake in Solmate (formerly Brera Holdings), acquiring $162 million worth of shares after a $300 million funding round. The company plans to develop a digital asset vault on Solana with backing from Pulsar Group, RockawayX, and the Solana Foundation. Following the announcement, Solmate’s stock surged over 225%, and Solana’s SOL token reached a new high of $250.

Terms & Concepts
  • Digital Asset Treasury: A reserve of cryptocurrency or blockchain-based assets held by a company as part of its financial strategy.
  • Solana (SOL): A high-performance blockchain platform known for its fast transaction speeds and low fees, with SOL as its native cryptocurrency.
  • Exchange-Traded Fund (ETF): An investment fund traded on stock exchanges, holding assets such as stocks, commodities, or in this case, exposure to crypto-related companies.