Solana treasury company Solmate shares rose 40%, plans to build Middle East Solana verification node and push aggressive merger and acquisition strategy
2025-10-23 21:48:21
Shares of Nasdaq-listed Solana treasury company Solmate Infrastructure (SLMT) jumped 40% on Thursday, with a market value of $754 million. The company has selected data centers to build the first Solana verification node in the Middle East and tested the configuration with SOL purchased at "historically low prices". At the same time, Solmate announced that it will pursue an aggressive M & A strategy to explore Solana ecological opportunities, and has attracted investors such as Ark Invest and Pulsar Group through PIPE financing to inject $300 million for infrastructure building and SOL expansion.
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