Solmate Infrastructure (NASDAQ: SLMT) revealed in a press release released earlier today that it had purchased $ 50 million sun directly from the Solana Foundation to a 15% discount on the market.
The company said tokens will be used to operate bare-metal validators in Abu Dhabi, UAE as part of the foundation’s “Solana by Design” program, and that the fund negotiated the right to nominate up to two directors to Solmate’s board of directors. Solmate described the timing as a purchase “on the market slave” during a major liquidation and framed the move as adapting its treasury with its infrastructure development.
The press release also noted that Ark Invest had approx. 11.5% of Solmate per September 30, 2025 with reference to a schedule 13G archiving.
Solmate said that ARK previously bought 6.5 million shares in a oversubscribed tube and revealed subsequent purchases a total of approx. 780,000 shares that the company characterized as continued conviction in its strategy.
SOLMATE is the ommarked, Solana-focused successor to Nasdaq-Listed Brera Holdings, which switches from a multi-club football strategy to a digital asset box and infrastructure business centered on Solana.
Managing Director Marco Santori said the company “bought dip” and called Solmate “brand new Solana infrastructure” to UAE. He argued that digital asset boxes are “capital accumulation machines” and said that UAE is “capital capital” that places Abu Dhabi as a base for validator performance.
Solmate said it will collaborate with Rockawayx on efforts infrastructure and plans to get up with bare-metal validators in Abu Dhabi, with several initiatives to follow.
Coindesk Research’s Tedhnical Analysis
The analysis window runs from October 13, 2025, 11:00 ADC to October 14, 2025, 10:00 AM. Below are the highlights:
- According to Coindesk Research’s Technical Analysis Data Model, Sun traded over this span between $ 191.42 and $ 209.45, approx. 9% turn.
- Price performed from around $ 192.79 and sliced through $ 200.62 and $ 205.64 areas of heavier than usual trade, then the dish after 00:00 UTC on October 14, with a slide from approx. $ 206.34 to $ 193- $ 194 area where buyers were left off.
- In the last hour, 09: 41-10: 40 UTC on October 14, sun ran from $ 196.20, but couldn’t maintain the move and dipped for $ 191.46 at. 10:35 AM before he sat around $ 192.43 with 10:40 UTC.
- Overall, the tape shows support that forms nearly $ 193- $ 194 with a deeper pillow around $ 191, and the supply that appears nearly $ 205- $ 206 and again closer to $ 209- $ 211.
- Hold over the mid -$ 190s keep the door open for a gene test of $ 200 and then $ 205 to $ 206; Losing $ 193 would put $ 191 back in the game.
Latest 24-hour chart read (all UTC)
From October 14, 2025, 15:31 UTC, Sol was $ 197.06, an increase of 0.22% over 24 hours.
Today’s session printed a high of $ 211.31 and made at $ 192.24. The early rejection near $ 211.00 was followed by an operation lower and stabilization around $ 196- $ 198.
In practical terms, $ 195.00 is the short -lived pivot for buyers; Team above this level provides space to investigate $ 200.00 and if they are recovered at UTC closes, $ 205.00- $ 206.00, where sellers were active in the research window.
A crucial push through $ 206.00 on UTC closures would put $ 209.00- $ 211.00 back in the view. On the downside, a break under $ 195.00 would probably invite a $ 193.00- $ 194.00 control; If this area gives space, the late window pane around $ 191.00 will be the next reference.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
