Solmate Infrastructure (SLMT) closed 40% higher at $11.70 on Oct. 24, reaching a market capitalization of $754 million, BlockBeats reports. The company announced validator progress, M&A strategy updates, and PIPE financing developments, having selected a data center to build its bare-metal validator that will serve as the first high-performance Solana node in the Middle East. Formerly Brera Holdings, the company rebranded as Solmate last month to operate as a Solana-based crypto treasury (DAT) firm. Solana Foundation, Cathie Wood's Ark Invest, and other institutions participated in the company's $300 million PIPE financing. Last week, Solmate received 50 million discounted SOL from the Solana Foundation to support its UAE infrastructure development.