Brera board approves Solmate pivot, cuts soccer teams to focus on Solana

Nasdaq-listed Brera Holdings (SLMT) is undergoing a radical transformation into a Solana-focused infrastructure firm called Solmate Infrastructure PLC. In a board-approved move this week, the company announced it will shut down its underperforming soccer teams in Mongolia and Mozambique to redirect capital into institutional-grade Solana staking and validator operations in Abu Dhabi. Supported by a $300 million raise and backed by the Solana Foundation and ARK Invest, the company is also proposing a 10-for-1 reverse stock split to attract institutional investors.