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Ark Invest-backed Solana treasury company Solmate increased its holdings by $50 million in SOL during last week's market pullback.
Golden Finance reported that ARK Invest participated in Solmate (stock code: SLMT.O), a treasury company of Solana, which stated on Tuesday that it increased its holdings of the crypto asset Solana during the significant pullback in the digital asset market last week. Solmate announced that the scale of funds for this acquisition of SOL was $50 million, with the acquisition price discounted by 15% compared to the market price. According to data from the London Stock Exchange Group (LSEG), as of September 30, Ark Investment Management, led by Wood, is the largest shareholder of Solmate, a company with a market value of $1 billion.