Solmate Infrastructure, formerly Brera Holdings, has seen its share price plunge over 98% following a $300 million PIPE financing round and strategic pivot from European football club ownership to Solana-focused digital asset treasury operations. The Solana Foundation, ARK Invest, RockawayX and Pulsar Group participated in the financing. The company, now led by CEO Marco Santori, acquired $50 million worth of SOL from the Solana Foundation at a 15% discount to seed its treasury. However, the financing created massive dilution for existing shareholders. By mid-2026, governance disputes erupted, with RockawayX publicly accusing Solmate's board of self-dealing through issuing discounted shares to directors without proper fairness opinions. The company has produced no tangible products beyond its SOL treasury. ARK Invest holds approximately 11.5% of Solmate.

LEXR advised Silhouette Exchange on the successful completion of its $8 million Seed financing round, co-led by Polychain Capital and 6MV, with participation from Bullish, RockawayX, and Hivemind Capital. On LEXR’s side, Yannick Bucher and Christian Meisser supported Chandler De…

Forward Industries, a Solana treasury company, has co-led a $5 million Series A investment in OnRe alongside RockawayX. Forward also intends to deploy up to $25 million into ONyc, OnRe's yield-bearing token on Solana. OnRe is a Bermuda-licensed reinsurance company regulated under both the Bermuda Insurance Act and the Digital Asset Business Act. Its token, ONyc, provides onchain exposure to a diversified portfolio of underwritten reinsurance risk and is integrated across Solana's DeFi platforms for lending and borrowing. Forward views the investment as an extension of its Solana treasury strategy, adding dollar-denominated income uncorrelated to its SOL holdings. OnRe will use the proceeds to scale underwriting capacity, deepen protocol integrations and expand its team.