Solmate Buys $50M in Discounted SOL from Solana Foundation as Ark Invest Takes 11.5% Stake

Solmate Infrastructure announced a $50 million purchase of SOL tokens at a 15% discount during what the company described as the “worst liquidation event” in crypto history. The acquisition, made by the NASDAQ-listed company formerly known as Brera Holdings, will power Solmate’s bare metal infrastructure operations in the United Arab Emirates. Simultaneously, Cathie Wood’s Ark Invest disclosed […] source: https://cryptonews.com/news/solmate-buys-50m-in-discounted-sol-from-solana-foundation-as-ark-invest-takes-11-5-stake/