Brera board approves Solmate pivot, cuts soccer teams to focus on Solana

Nasdaq-listed Brera plans to rebrand as Solmate, wind down two soccer teams and propose a 10-for-1 reverse stock split as it pivots toward Solana.

Brera Holdings’ board has approved a plan to shift the Nasdaq-listed company toward Solana infrastructure and treasury operations, while shutting down two of its soccer teams and proposing a reverse stock split to support the move.

The proposal, which still requires shareholder approval, would rename the company Solmate Infrastructure and narrow its focus to building Solana (SOL) staking, validation and treasury services, according to a Tuesday announcement. The company said Abu Dhabi will be its main base for these operations.

“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,” said CEO Marco Santori.

Read more