After Funding Solana Treasury, ARK Invest Buys $162M More in Solmate Shares

ARK Invest Increases Solmate Stake, Acquires $162M in Shares Following $300M SOL Treasury Fundraise
September 19, 2025

ARK Invest has doubled down on Solmate (BREA), purchasing nearly $162 million in shares after participating in a $300 million funding round alongside UAE-based Pulsar Group.

Solmate Rebrands and Raises Capital

The Nasdaq-listed sports club owner, formerly known as Brera Holdings, rebranded as Solmate to build a digital asset treasury centered on Solana’s SOL token. The funding round also included RockawayX and the Solana Foundation, according to a Thursday announcement.

Cathie Wood’s ARK Invest acquired 6.5 million BREA shares, which were added to three of its ETFs: ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF). The move aligns with ARK’s strategy of backing emerging digital asset treasury companies from the ground floor.

Market Reaction

BREA shares surged from $7.40 to a high of $52.95 before closing at $24.90, a 225% gain on the day.

Meanwhile, Solana (SOL) hit its highest levels since January, surpassing $250 on Thursday and trading around $244, up more than 20% this month.

The investment underscores ARK Invest’s continued support for Solana-based digital asset initiatives and highlights growing institutional interest in altcoin-focused treasury companies.