Solmate, a Solana treasury company backed by Ark Invest, increased its SOL holdings by $50 million last week.

Jinse Finance reported that ARK Invest participated in Solana treasury company Solmate (stock code: SLMT.O), which stated on Tuesday that it increased its holdings of Solana during last week's significant digital asset market correction. Solmate said that the scale of funds used to acquire SOL was $50 million, with the purchase price at a 15% discount to the market price. According to data from the London Stock Exchange Group (LSEG), as of September 30, an exchange under Wood's management was the largest shareholder of Solmate, a company with a market capitalization of $1 billion.