According to Cryptobriefing, Solmate, backed by Cathie Wood, has seen its stock price drop over 98% after completing a $300 million funding round and shifting to a Solana treasury strategy. Solmate, formerly known as Brera Holdings, announced its rebranding in September 2025 and received private funding supported by ARK Invest, Pulsar, RockawayX, and the Solana Foundation; it currently holds approximately 2 million SOL.

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