SOL-based Crypto Treasury Company Solmate's Stock Price Soars 40% Following Validator Milestone, Merger Strategy, and PIPE Financing Update
BlockBeats News, October 24th, Solmate Infrastructure (SLMT), a publicly listed company on the US stock market, saw its stock price surge 40% to $11.70 this morning, reaching a market capitalization of $754 million. Prior to this, SLMT announced validator progress, merger strategies, and PIPE financing updates, and has selected a data center to host its bare-metal validator, becoming the first high-performance Solana node in the Middle East region.
Last month, formerly known as Brera Holdings, rebranded as Solmate and transitioned into a Solana-based Decentralized Autonomous Treasury (DAT) company. Institutions such as the Solana Foundation and Cathie Wood's Ark Invest participated in the company's $300 million PIPE financing. Last week, Solmate received a $50 million discounted SOL allocation from the Solana Foundation to support its infrastructure development in the UAE.
You may also like
Gainers
Latest Crypto News
"The 'BTC OG Insider Whale' has completely closed their ETH long position, realizing a profit of approximately $840,000."
ZEC briefly dropped below $450, marking a 10.87% decrease in the last 24 hours.
Animoca Brands plans to expand its investment focus next year to include the stablecoin sector
Market News: CME Commodity Futures Trading Halt
A Whale Address's ZEC Long Position Liquidated, Resulting in Approximately $1.59 Million in Losses
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]