Ireland-based Brera Holdings has successfully closed its oversubscribed private investment in public equity ( Pipe ) offering of securities, which was sponsored by United Arab Emirates ( UAE )-based technology and blockchain advisory firm Pulsar Group. Backed by RockawayX, Ark Invest and UAE investors, the deal generated gross proceeds of approximately US$300 million.

To reflect the company’s new focus on the Solana ecosystem, Brera intends to change its name to Solmate.

The Pipe financing was structured to provide Solmate with significant capital to fund its digital asset treasury ( DAT ) strategy and plans for revenue-generating crypto infrastructure projects in the UAE, the first of which is planned to be bare metal servers in Abu Dhabi configured to outperform typical DAT validator strategies.

Proceeds from the financing will be deployed to initiate Solmate’s strategic acquisition of $SOL, the native token of the Solana blockchain.

These initial purchases will mark the first step in building Solmate’s Solana-based DAT, which aims to drive shareholder value through the accumulation and staking of $SOL, and the development of new revenue streams from advanced Solana staking infrastructure.

Through its planned bare metal servers in Abu Dhabi, Solmate seeks to provide regional investors with the opportunity to capitalize on Solana’s native yield-generating capabilities while supporting the growth of the Solana ecosystem and aligning with the UAE’s digital transformation agenda.

“Our investment in bare metal servers in Abu Dhabi enables us to deliver superior validation performance and native yield generation that few others can match,” says Marco Santori, Solmate’s CEO. “This approach aims to create real value for our shareholders and contributes to the broader adoption of Solana, particularly in a strategic region like the UAE, which is rapidly becoming a global hub for blockchain innovation.”