Brera Holdings (BREA), a Nasdaq-listed sports club owner, is the latest entrant into the growing Solana (SOL) digital asset treasury field raising $300 million to accumulate the token.

Announced on Thursday, the firm secured backing from UAE-based Pulsar Group, Cathie Wood's ARK Invest, RockawayX and the Solana Foundation in a private investment in public equity (PIPE) round. It will also rebrand to Solmate, while maintaining its sports-ownership business.

The shares rallied 14% following the news. SOL rose 5% over the past 24 hours.

Solmate's debut follows recent high-profile Solana treasury plays such as Galaxy-backed Forward Industries (FORD) and Pantera-backed Helius Medical Technologies (HSDT) as the digital asset treasury trend is expands beyond bitcoin (BTC) and ether (ETH).

The

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