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Activated v2 hard fork with Utreexo, RHP4, QUIC networking, and modular client apps—modernizing consensus, storage, and usability
Network revenue rose 79.9% QoQ to ~$83.9K, driven by pricing dynamics
Rebranded as “World’s Safest Cloud Storage, by Design”, emphasizing privacy and data sovereignty
Vincent Launch: Developer framework for non-custodial agents governed by onchain policies
Supports DeFi execution, automation, and AI-assisted workflows
LITKEY Token: Serves as payment unit, staking collateral for node operators, and governance token.
Community presale raised $1.1M from 275+ participants.
Circulating market cap up 235% QoQ to $30M; token price rose 167%
Training nodes (+29%), Validators (+17%), Delegators (+21%)
Launched gmFLOCK, AI Arena v2 with Delegation Pools, and FLock OFF subnet on Bittensor
Integrated with Base MCP, Alibaba Cloud Qwen, SpoonOS, Infini, DIMO + Beacon
Brera Holdings (NASDAQ: BREA) is one of the most recent publicly traded companies to make the pivot to a digital asset treasury (DAT) company. Previously regarded as a holding company for various football clubs, Brera rebranded to Solmate, a Solana-based DAT, on September 18. Alongside the rebrand, Solmate announced a $300 million public equity offering (PIPE) aimed at accelerating Solana adoption across institutional markets. The PIPE was oversubscribed and secured backing from notable investors, including ARK Invest, Solana Foundation, and RockawayX. As seen with a plethora of recent DAT offerings, Cantor Fitzergald & Co. was the sole placement agent and financial advisor for the PIPE. Following the announcement, BREA stock surged 225.5%, jumping from $7.65 to $24.90 at market close on September 18.
Beyond the fundraising, a number of high-profile participants across crypto and traditional finance were announced as executives and/or advisors. Marco Santori, the former Chief Legal Officer of Kraken, was announced as the incoming Solmate CEO. Dr. Arthur Laffer, creator of the Laffer Curve, was announced as a Solmate board member, highlighting the company’s desire to gain further legitimacy in traditional financial markets and academia. Viktor Fischer, CEO of RockawayX and an early Solana investor, was also announced as a board member, highlighting Solmate’s intent to align with the Solana ecosystem and community.
One notable aspect of the Solmate DAT is the company’s aim to support the UAE’s digital asset transformation agenda. Pulsar Group, an advisory firm based in Abu Dhabi, was the sponsor of the PIPE and is likely to play a meaningful role in Solmate’s expansion into the region. Solmate intends to use a portion of the capital raised to build bare metal servers used for Solana validation. This move would represent the first time investors in the region would have the opportunity to capitalize on the yield generated by Solana validation. Beyond physical infrastructure, Solmate also anticipates a dual listing on both NASDAQ and the Abu Dhabi Securities Exchange (ADX). While other companies like Diginex and Phoenix Group have publicly announced the desire for a dual listing, there are currently no publicly traded companies that trade on both exchanges.
While official SOL token purchases are yet to be made, RockawayX claims that Solmate will launch with an initial market net asset value (mNAV) of ~.99x. As BREA trades at a $76.1 million market cap, an mNAV of roughly one would mean Solmate plans to purchase around 340,000 SOL at current prices, or roughly 25% of the total capital raised in the PIPE. This acquisition would place Solmate fourth amongst all Solana-based DAT companies by SOL holdings.