Solmate shares rise 30% on M&A plans and SOL purchases

Cathie Wood-backed Solana Treasury company Solmate Infrastructure saw its prices rise by more than 30% after the company announced its plans for an aggressive merger and acquisition (M&A) strategy and confirmed additional SOL purchases at discounted prices.

That’s as institutional adoption for Solana continues to grow, with Fidelity also recently rolling out Solana trading access for both retail and institutional clients.

Solmate Infrastructure (SLMT), a rebrand of Brera Holdings, saw its share price hit an intraday high of $13 in the last trading session.

SLMT share price (Source: Google Finance)

It then bounced back to end the trading day at $11.41, marking a 36.65% gain for the day. However, there has been some pre-market selling activity that has driven the stock’s share price down more than 13%.

The price of Solana also rose by more than 1% in the past 24 hours, according to to CoinMarketCap data.

Solmate Infrastructure launches the UAE’s first “Performant Solana Validator”.

The Nasdaq-listed company has announced that it has completed the assembly of its first validator hardware in the United Arab Emirates (UAE) and is gearing up to launch the first ‘performance Solana validator’ in the region. This validator is part of the company’s plan to integrate real infrastructure with its growing SOL treasury.

Solmate Infrastructure also said this in a recent post press release that it has purchased SOL tokens “at a historic discount to market prices” to support its validator business. The company withheld details on the size of this purchase, but did confirm an acquisition of SOL tokens worth $50 million at a 15% discount earlier this month.

These tokens were purchased around the same time the crypto market saw a record liquidation on October 10.

Aggressive M&A strategy unveiled

In the press release, Solmate Infrastructure also said it will “pursue an aggressive M&A strategy, exploring opportunities across the Solana value chain.”

“Acquisition targets will be selected based on strict criteria designed to ensure synergy and drive SOL’s per share growth,” the company added.

Regarding the types of companies Solmate Infrastructure wants to acquire or merge with, company CEO Marco Santori said they are not interested “in simply attacking smaller companies to generate revenue.”

“We are targeting companies for which our SOL treasury will fuel their growth engine – just as it is for ours – and will use that growth to generate more SOL per share for Solmate investors,” the CEO said.

The upcoming validator launch, token purchases and M&A strategy come after asset manager Ark Invest announced it has an 11.5% ownership stake in Solmate Infrastructure.

Fidelity gives customers access to SOL trading

Solmate Infrastructure’s moves into the Solana ecosystem are part of a broader trend of institutions adopting SOL and the underlying blockchain.

One such company is Fidelity, which has added SOL trading to its line of crypto products. As such, institutional and retail investors can now trade the altcoin.

The company said it will add SOL trading to its Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers and Fidelity Digital Assets platforms.

Nick Ducoff, head of institutional growth at the Solana Foundation, confirmed the news on X.

Retail investors in the US can now purchase SOL in their own country @Fidelity brokerage account

Some screenshots from my account

NFA pic.twitter.com/gDqOdSpp6C

— Nick Ducoff (@nickducoff) October 23, 2025

On Thursday, Fidelity posted one interpreter who described the Solana blockchain as a network that processes an average of about 60,000 transactions per minute. This is much more than the estimated 250 per minute for Bitcoin and the 800 for Ethereum.

The company also highlighted Solana’s low rates, which are just a fraction of a cent.

20 companies control $3.9 billion in SOL

Other companies have also purchased SOL. Data from strategic SOL reserve shows that there are currently twenty companies that hold the crypto as part of a strategic reserve.

Together, these companies own 20.312 million SOL tokens, which is approximately 3.53% of the crypto’s total supply. At current prices, the combined assets represent approximately $3.9 billion.

Forward Industries leads the institutional holdings with 6.82 million SOL. Solana Company is the second largest SOL treasury with approximately 2.2 million tokens, while DeFi Development Corp comes in third with its holdings of 2.196 million SOL.

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