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New solana treasury entrant, Solmate, soars on rebrand

From sherwood.news

The solana ecosystem has been shining this week with the launch of several solana treasuries. Solana, the sixth-largest crypto by market cap, crossed $250 yesterday for the first time since January, though the token’s price is roughly flat on the week. On Thursday, Nasdaq-listed Brera Holdings, a multi-club sports holding company, announced it is rebranding as Solmate, a solana-based treasury and crypto infrastructure company, sending the stock up over 200% yesterday. Marco Santori, who was formerly chief legal officer for Kraken, will become its CEO. The stock continued to rise early Friday before reversing course ... (full story)

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  • Category: Fundamental Analysis