With ARK’s platform endorsement and the foundation’s backing, even 2 million SOL couldn’t hold the market—there’s a Pacific Ocean-sized gap between the narrative and hard, real cash.

According to Cryptobriefing, Solmate, backed by Cathie Wood, has seen its stock price drop over 98% since 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 secured a private placement backed by ARK Invest, Pulsar, RockawayX, and the Solana Foundation; it currently holds approximately 2 million SOL.