PANews reported on October 14 that according to Globenewswire, Nasdaq-listed Brera Holdings announced that it will directly purchase $50 million worth of SOL from the Solana Foundation. According to the strategic agreement between the company and the Solana Foundation, the purchase will be used to support the company's Solana infrastructure and consolidate its position as a key component of the UAE's digital transformation agenda.

Solmate (formerly Brera Holdings) is reportedly joining the "Solana By Design" initiative and granting the Solana Foundation the right to nominate up to two directors. Meanwhile, Ark Invest disclosed that it held approximately 11.5% of Solmate as of September 30th, having previously subscribed to 6,500,001 shares through a PIPE and subsequently increased its holdings by 779,619 shares.