Solmate’s equity value has nearly evaporated. The company, backed by Ark Invest and rebranded from Brera Holdings in late 2025, disclosed it raised $300 million in a private financing round and shifted its treasury into Solana’s native token, SOL. The result: a greater than 98% decline in the share price. According to a market update, Solmate now holds roughly 2 million SOL on its balance sheet.