Solana rises as Solmate announces “aggressive” acquisition plans and spot ETF filings grow
Solana ETFs take the lion’s share of the ETF filings, with 23 waiting to be approved, per Bloomberg analyst Eric Balchunas.
Solana-based treasury and infrastructure company Solmate, newly rebranded from Brera Holdings, soared 40% on Thursday after CEO Marco Santori announced acquisition plans. Solana is also outperforming its peers on Thursday, up 4% in the last 24 hours.
The company said it would take an “aggressive” M&A approach, looking for candidates “across the solana value chain” that will “supercharge SOL-per-share growth.”
Santori told Sherwood News that Solmate is focusing on finding companies that don’t just generate revenue, but ones that will use its solana strategy to accelerate their business lines, including “other treasury and infrastructure companies.”
“We already have deep roots in the UAE but we are not limiting our search here,” he said, adding that the first acquisition will occur “very soon.”
Santori said solana, the sixth-largest crypto by market cap, is the “perfect treasury asset, because of its high growth, high volatility, and high native yield.”
Meanwhile, Rex-Osprey filed an S1 form with the SEC for a solana ETF with staking, adding to a massive pile awaiting the US government to reopen. Solana ETFs take the lion’s share of the altcoin ETFs among the 155 filings, with 23 waiting to be approved, per Bloomberg analyst Eric Balchunas.
In other notable solana news, the total value of tokenized real-world assets on solana topped $700 million, a new all-time high.
