Following SOL Treasury Funding, ARK Invest Increases Solmate Investment by $162M

ARK Invest Backs Solmate, Acquires $162M in Shares After $300M SOL Treasury Fundraise
September 19, 2025

ARK Invest has doubled down on Solmate (BREA), the publicly listed digital asset treasury company, purchasing nearly $162 million worth of shares following its participation in a $300 million funding round alongside UAE-based Pulsar Group.

Solmate’s Rebrand and Fundraise

The Nasdaq-listed sports club owner, formerly known as Brera Holdings, rebranded as Solmate as part of a plan 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.

ARK Invest acquired 6.5 million BREA shares, adding them to three of its ETFs: ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF), the firm disclosed via email on Friday.

Stock Performance

BREA surged from an opening price of $7.40 to a high of $52.95 before settling at $24.90, marking a 225% gain on the day.

Meanwhile, Solana (SOL) reached its highest levels since January, climbing past $250 on Thursday before trading around $244, up more than 20% this month.

The investment underscores ARK Invest’s continued commitment to digital asset treasury initiatives and the growing investor appetite for Solana-linked projects.