Reported 17 days ago
Solmate Infrastructure, backed by Cathie Wood's Ark Invest, has purchased $50 million worth of solana during last week's market downturn, taking advantage of a nearly 22% drop in the cryptocurrency's value. The acquisition comes as tensions between the U.S. and China affected the crypto market, leading to significant liquidations. Solmate, which recently rebranded from Brera Holdings, aims to capitalize on its position as a major player in the solana space.
Source: YAHOO