Shares For Cathie Wood-Backed Solmate Infrastructure Soar 30% On M&A Plans And SOL Buys
The Cathie Wood-backed Solana treasury firm Solmate Infrastructure saw its prices surge over 30% after the company announced its plans for an aggressive mergers and acquisitions (M&A) strategy and confirmed additional SOL buys at discounted prices. That’s as institutional adoption for Solana continues to grow, with Fidelity also recently rolling out Solana trading access for both retail and institutional clients. Solmate Infrastructure (SLMT), which rebranded from Brera Holdings, saw its share price reach an intraday high of $13 in the latest trading session. SLMT share price (Source: Google Finance ) It then retraced to close the trading day off at $11.41, marking a 36.65% gain for the day. However, there has been some pre-market selling activity that has pushed the stock’s share price down more than 13%. The price of Solana also rose more than 1% in the past 24 hours, according to CoinMarketCap data. Solmate Infrastructure To Launch UAE...