Solmate Infrastructure (Nasdaq: SLMT) revealed in a press release issued today that it had purchased $50 million in SOL directly from the Solana Foundation at a 15% discount to the market.
The company said the tokens will be used to power core validators in Abu Dhabi, United Arab Emirates, as part of the Foundation’s “Solana By Design” program, and that the Foundation negotiated the right to nominate up to two directors to Solmate’s board of directors. Solmate described the timing as buying “at market lows” during a major sell-off and framed the move as aligning its treasury with the development of its infrastructure.
The press release also noted 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 about 780,000 shares, which the company characterized as continued conviction in its strategy.
Solmate is the rebranded, Solana-focused successor to Nasdaq-listed Brera Holdings, which is transitioning from a multi-club football strategy to a Solana-focused digital asset treasury and infrastructure business.
CEO Marco Santori said the company “bought the dip” and called Solmate “a new Solana infrastructure” for the UAE. He argued that digital asset treasuries are “capital accumulation machines” and said the UAE is the “capital of capital,” positioning Abu Dhabi as a base for validators to perform.
Solmate said it will partner with RockawayX to invest in infrastructure and plans to deploy bare-metal validators in Abu Dhabi, with more initiatives to follow.
CoinDesk Research Technical Analysis
The analysis window extends from October 13, 2025 at 11:00 UTC to October 14, 2025 at 10:00 UTC. Below are the highlights:
- According to CoinDesk Research’s technical analysis data model, during that period, SOL traded between $191.42 and $209.45, approximately a 9% change.
- Price advanced from around $192.79 and broke through 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 drop from around $206.34 to the $193-$194 area where buyers reappeared.
- In the last hour, 09:41–10:40 UTC on October 14, SOL bounced from $196.20 but failed to sustain the move, falling to $191.46 at 10:35 UTC before settling around $192.43 at 10:40 UTC.
- Taken together, the tape shows support forming near $193-$194 with a deeper cushion around $191, and supply appearing near $205-$206 and again closer to $209-$211.
- Holding above $190 keeps the door open for a retest of $200 and then $205-206; losing $193 would put $191 back into play.
Last 24-hour chart reading (all UTC)
At 15:31 UTC on October 14, 2025, SOL was worth $197.06, an increase of 0.22% in 24 hours.
Today’s session saw a high of $211.31 and a low of $192.24. The initial rejection near $211.00 was followed by a drop lower and stabilization around $196-198.
In practical terms, $195.00 is the short-term pivot for buyers; staying above that level leaves room to test $200.00 and, if it recovers in the UTC close, $205.00-$206.00 where sellers were active in the research window.
A decisive push to $206.00 at the UTC close would put prices between $209.00 and $211.00 back in sight. On the downside, a break below $195.00 would likely invite a check to $193.00 to $194.00; If that zone gives way, the late window cushion around $191.00 becomes the next reference.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
