Cathie Wood’s Ark Bets Big On Solana Treasury Play: Makes $162M Investment In Brera Holdings As Stock Explodes 225%
On Thursday, Cathie Wood-led Ark Invest executed significant trades, notably selling shares of Tempus AI Inc (NASDAQ:TEM) and buying shares of Brera Holdings PLC (NASDAQ:BREA), Pony AI Inc (NASDAQ:PONY) and Baidu Inc (NASDAQ:BIDU). These trades reflect Ark’s strategic positioning in the tech and AI sectors.
The Brera Holdings Trade
On Thursday, Ark Invest made a bold move by purchasing a total of 6,500,001 shares of Brera Holdings across multiple ETFs. The trades were executed through ARK Innovation ETF (BATS:ARKK), Ark Fintech Innovation ETF (BATS:ARKF), and ARK Next Generation Internet ETF (BATS:ARKW) funds.
This acquisition comes at a time when Brera Holdings’ stock closed at $24.90, marking a remarkable increase of 225.49% in its value. The total value of the shares acquired by Ark Invest amounts to approximately $161.85 million.
Solmate, the new identity of Brera Holdings, will become a Solana (CRYPTO: SOL)-based digital asset treasury and crypto infrastructure company, following an oversubscribed $300 million investment led by UAE-based Pulsar Group, the Solana Foundation, RockawayX, and ARK Invest, according to a press statement.
Solmate will focus on accumulating and staking Solana, the sixth-largest cryptocurrency by market capitalization, deploying advanced Solana validator infrastructure in the UAE, …
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