Solana treasury company Solmate surges 40% in stock price, plans to build Solana validator nodes in the Middle East and pursue aggressive acquisition strategy

Jinse Finance reported that Nasdaq-listed Solmate Infrastructure (SLMT), a Solana treasury company, saw its stock price surge by 40% on Thursday, reaching a market capitalization of $754 million. The company has selected a data center to establish the first Solana validator node in the Middle East and is conducting configuration tests using SOL acquired at “historically low prices.” Meanwhile, Solmate announced it will implement an aggressive M&A strategy to explore opportunities within the Solana ecosystem. Last month, Solmate attracted $300 million in PIPE financing from investors such as Ark Invest and Pulsar Group, which will be used for infrastructure construction and expanding SOL holdings.