US Stock Market Move | Brera Holdings (BREA.US) soars 43% with investment from "Wood Sister" and UAE investors

Following a 225% surge in stock price yesterday, on Friday, Brera Holdings (BREA.US) rose another 43%, reaching $35.65. In terms of news, on September 18th, the football club investment company Brera announced that it had secured a private equity investment (PIPE) round of financing from "Wood Sister" ARK Invest Fund, UAE's Pulsar Group, RockawayX, and Solana Foundation. Brera also announced a name change to Solmate, and a shift towards investing in and accumulating SOL tokens of Solana, transitioning towards digital asset treasury ("DAT") and crypto infrastructure companies, while retaining its ownership of sports event operations. Reportedly, the financing was led by "Wood Sister" with a total amount of about $300 million. Three ETF giants under "Wood Sister", including ARK Innovation ETF, Ark Fintech Innovation ETF, and ARK Next Generation Internet ETF, collectively purchased 6.5 million shares, with a total value of approximately $50 million. Brera stated that Solana tokens are recognized as the fastest-growing blockchain globally, with the number of transactions and on-chain revenue generated surpassing the total of all other blockchains. Unlike Bitcoin, Solana's network itself has revenue-generating capabilities, and it is expected to grow faster than Bitcoin and Ethereum networks in the next three years, as the monthly growth in developers will surpass any other blockchain. Brera's goal is to hold and stake SOL tokens, build validator infrastructure in Abu Dhabi, and generate revenue from native Solana projects. The company stated that its first deployment plan is a set of bare-metal servers, with configurations outperforming traditional validator setups, allowing regional investors to directly receive staking rewards from Solana. Established in 2022, Brera is headquartered in Ireland, with an office in Milan, Italy, focusing on owning multiple sports clubs. Currently, it owns four football clubs in Italy, North Macedonia, Mozambique, and Mongolia, and one volleyball club, although these clubs have had poor performances in recent matches. In 2023, Brera went public on Nasdaq, becoming the world's first publicly listed multi-sports club ownership group.