Solmate Shares Collapse 90-98% After $300M Financing and Solana Pivot

Recent reports say Solmate Infrastructure shares have collapsed 90-98% from post-financing highs following the company's September 2025 announcement of a $300 million private investment in public equity and strategic pivot to Solana-focused digital asset treasury operations.

The former Brera Holdings rebranded as Solmate to transform from a football holding company into a Solana infrastructure business, backed by ARK Invest, Pulsar Group, RockawayX and the Solana Foundation. The Financial Times reported that governance disputes have intensified the decline, with RockawayX suing Pulsar-linked board members over alleged self-dealing while Solmate accused RockawayX of false financial claims. The company also saw key leadership departures, adding to investor concerns that the crypto pivot lacked a durable operating model beyond SOL treasury accumulation.