PANews reported on October 14 that according to Globenewswire, Nasdaq-listed Brera Holdings announced that it will directly purchase $50 million worth of SOL from the Solana Foundation. According to the strategic agreement between the company and the Solana Foundation, the purchase will be used to support the company's Solana infrastructure and consolidate its position as a key component of the UAE's digital transformation agenda. Solmate (formerly Brera Holdings) is reportedly joining the "Solana By Design" initiative and granting the Solana Foundation the right to nominate up to two directors. Meanwhile, Ark Invest disclosed that it held approximately 11.5% of Solmate as of September 30th, having previously subscribed to 6,500,001 shares through a PIPE and subsequently increased its holdings by 779,619 shares.PANews reported on October 14 that according to Globenewswire, Nasdaq-listed Brera Holdings announced that it will directly purchase $50 million worth of SOL from the Solana Foundation. According to the strategic agreement between the company and the Solana Foundation, the purchase will be used to support the company's Solana infrastructure and consolidate its position as a key component of the UAE's digital transformation agenda. Solmate (formerly Brera Holdings) is reportedly joining the "Solana By Design" initiative and granting the Solana Foundation the right to nominate up to two directors. Meanwhile, Ark Invest disclosed that it held approximately 11.5% of Solmate as of September 30th, having previously subscribed to 6,500,001 shares through a PIPE and subsequently increased its holdings by 779,619 shares.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more