The board of Brera Holdings has approved a plan to pivot the Nasdaq-listed firm toward Solana infrastructure and treasury operations, while shutting down two of its soccer teams and proposing a reverse stock split to support the transition.
The proposal — which still requires shareholder approval — would see the company rebrand as Solmate Infrastructure and narrow its strategy to building Solana staking, validation and treasury services. According to a Tuesday announcement, the company plans to base these operations primarily in Abu Dhabi.
CEO Marco Santori said the move is intended to position the firm at the center of the region’s growing digital economy.
“By focusing our capital and corporate identity on Solana, we are positioning ourselves to be a central player in the region’s rapidly expanding digital economy,” Santori said.
As part of the shift, Brera plans to wind down its Brera Tchumene and Brera IIch soccer teams, which it described as underperforming assets. However, the company will retain its Italian club Juve Stabia, while redirecting capital from the closed teams toward its Solana infrastructure strategy in the United Arab Emirates.
Board backs reverse stock split
The board has also approved a 10-for-1 reverse stock split, a move designed to place the company’s share price within a range more attractive to institutional investors. The proposal will be presented to shareholders at a meeting scheduled for April 7.
If approved, every 10 existing shares would be consolidated into one share with a higher nominal value. The company’s stock would continue trading on Nasdaq under the ticker SLMT, and the reverse split would not change the proportional ownership of current shareholders.
Solmate, currently operating under the name Brera Holdings, plans to develop institutional-grade staking and validation infrastructure for Solana in the United Arab Emirates, with support from regional partners and investors. The company is backed by investment firms including ARK Invest, RockawayX and Pulsar Group.
Brera raised $300 million
In September 2025, Brera revealed plans to rebrand after securing $300 million in an oversubscribed private investment in public equity (PIPE). The funding round was supported by Pulsar Group, ARK Invest, RockawayX and the Solana Foundation.
The shift comes as a growing number of publicly traded companies adopt crypto treasury strategies, a model widely popularized by Michael Saylor’s firm Strategy. However, the approach has not been successful for every company.
For example, ETHZilla, which initially launched with a treasury strategy focused on Ethereum, later pivoted again after struggling to maintain momentum.
