Solmate Infrastructure (Nasdaq: SLMT) revealed in a press release earlier today that it purchased $50 million of SOL directly from the Solana Foundation at a 15% discount to the market.
The company said the tokens would be used to power naked validators in Abu Dhabi, United Arab Emirates, as part of the Foundation’s “Solana By Design” program, and that the Foundation has negotiated the right to appoint up to two directors to Solmate’s board of directors. Solmate described the timing as buying “at the bottom of the market” during a major selloff and presented the move as aligning its cash flow with building its infrastructure.
The press release also states that ARK Invest owned approximately 11.5% of Solmate as of September 30, 2025, citing a Schedule 13G filing.
Solmate said ARK previously purchased 6.5 million shares in an oversubscribed PIPE and disclosed subsequent purchases totaling approximately 780,000 shares, which the company called a continued conviction in its strategy.
Solmate is the rebranded, Solana-focused successor to Nasdaq-listed Brera Holdings, which is transitioning from a multi-club soccer strategy to a Solana-focused digital asset infrastructure and treasury business.
Chief executive Marco Santori said the company “bought the dip” and called Solmate “the all-new Solana infrastructure” for the UAE. He argued that digital asset treasuries are “capital accumulation machines” and declared that the UAE is the “capital of capital”, positioning Abu Dhabi as a base for validator performance.
Solmate said it will partner with RockawayX on staking infrastructure and plans to set up bare metal validators in Abu Dhabi, with other initiatives to follow.
Technical analysis from CoinDesk Research
The analysis window is from October 13, 2025 at 11:00 UTC to October 14, 2025 at 10:00 UTC. Here are the highlights:
- According to CoinDesk Research’s technical analysis data model, over this period, SOL traded between $191.42 and $209.45, a change of approximately 9%.
- The price rallied around $192.79 and crossed the $200.62 and $205.64 areas in heavier-than-usual trading, then the momentum faded after 00:00 UTC on October 14, with a slide of around $206.34 into the $193-$194 area where buyers re-emerged.
- In the last hour, from 9:41 a.m. to 10:40 a.m. UTC on October 14, SOL rebounded from $196.20 but was unable to sustain the move, falling to $191.46 at 10:35 a.m. UTC before stabilizing around $192.43 at 10:40 a.m. UTC.
- Overall, the band shows support near $193-$194, with a deeper cushion around $191, and a bid near $205-$206 and again closer to $209-$211.
- Holding above the mid-$190s leaves the door open to a retest of $200, then $205 to $206; losing $193 would put $191 back into play.
Last 24 hour map reading (all UTC)
As of October 14, 2025 at 3:31 PM UTC, SOL was $197.06, up 0.22% over 24 hours.
Today’s session printed a high of $211.31 and a low of $192.24. The early rejection near $211.00 was followed by a downward drift and stabilization around $196 to $198.
In practical terms, $195.00 is the near-term pivot for buyers; holding above this level leaves the possibility of probing $200.00 and, if reclaimed at the UTC close, between $205.00 and $206.00 where sellers were active in the research window.
A decisive push up to $206.00 at the UTC close would put $209.00 back into sight at $211.00. On the other hand, a break below $195.00 would likely result in a check of $193.00 to $194.00; if this area gives way, the late window cushion around $191.00 becomes the next benchmark.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
