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ARK still invested $162 million to increase its stake in Solmate after participating in the SOL treasury financing.
PANews September 19th news, according to CoinDesk, ARK Invest invested approximately $162 million to increase its stake in Solmate (formerly Brera Holdings) after a $300 million financing round. Solmate plans to build a digital asset vault based on Solana (SOL), with financing participants including Pulsar Group, RockawayX, and Solana Foundation. ARK allocated 6.5 million shares of BREA across its three ETFs. The price of BREA at one point rose over 225% during the trading session, closing at $24.90. SOL broke through $250 this week, with a monthly rise of over 20%.