On September 19, 2025, ARK Invest, the asset management firm led by Cathie Wood, acquired just under $162 million worth of shares in Solmate, the digital asset treasury company formerly known as Brera Holdings. ARK’s purchase followed its participation in a $300 million funding round alongside United Arab Emirates-based Pulsar Group, RockawayX and the Solana Foundation, announced on Thursday.
Solmate is structured to build a treasury based on Solana’s native token (SOL), aiming to hold and manage digital asset reserves as part of a broader decentralized finance strategy. ARK Invest added 6.5 million Solmate (BREA) shares across three of its exchange-traded funds—Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF)—in line with its objective to support emerging blockchain infrastructure projects.
BREA shares debuted at $7.40 and surged as high as $52.95, driven by enthusiastic market response to the funding announcement. The stock retraced to a closing price of $24.90, representing a gain of over 225% on the day. Solana’s native token, SOL, reached its highest levels since January 2025 this week, briefly crossing $250 before trading near $244, a month-to-date increase exceeding 20%.
Cathie Wood’s investment underscores ARK’s ongoing commitment to innovative blockchain ventures and digital asset exposure. The firm’s targeted allocation to Solmate reflects confidence in Solana’s scalability and institutional appetite for token-backed treasury models. Observers note that ARK’s direct investments via public equity vehicles may signal broader institutional interest in hybrid crypto-traditional finance structures.
Market analysts expect additional funding rounds for digital asset treasury firms and increased secondary market liquidity as more entities adopt similar models. ARK’s stake in Solmate is viewed as a strategic endorsement of the Solana ecosystem and may attract further corporate partnerships and institutional collaborations in the coming months.
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