Solmate Infrastructure (NASDAQ: SLMT) updates $129M crypto treasury position

Rhea-AI Filing Summary

Solmate Infrastructure, operating as Brera Holdings PLC, reported a detailed update on its digital asset treasury and launched a new investor newsletter. As of February 28, 2026, the company held 1,235,834 SOL, about $7.1 million in crypto-related securities, and about $9.1 million in cash. Using a SOL price of $91.58, total digital asset treasury value was estimated at roughly $129.4 million, or about $1.43 per fully diluted share, based on 81,995,395 Class B ordinary shares and 8,494,000 pre-funded warrants. The company highlighted that it has no long-term debt and has not needed to sell SOL to fund operations, emphasizing a focus on building Solana infrastructure in the UAE and providing ongoing transparency through its new “Solmate Signal” newsletter.

Insights

Crypto treasury and balance-sheet analyst

Solmate outlines a SOL-heavy, cash-supported treasury with no long-term debt.

Solmate Infrastructure discloses a treasury concentrated in Solana, with $129.4M in estimated digital asset value using a $91.58 SOL price. Holdings include 1,235,834 SOL, about $7.1M of crypto-related securities, and about $9.1M in cash, with no long-term debt.

The company notes it has not sold SOL to fund operations, suggesting current liquidity covers its needs while preserving SOL exposure. However, the balance sheet is highly sensitive to Solana price moves, and the figures are based on market data rather than IFRS-reported carrying values.

Management also cites an implied digital asset treasury value of about $1.43 per fully diluted share, using 90,489,395 shares and pre-funded warrants. Ongoing “Solmate Signal” newsletters and future treasury updates may provide additional clarity as the Solana ecosystem and UAE-focused infrastructure strategy evolve.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number 001-41606

BRERA HOLDINGS PLC

(Translation of registrant’s name into English)

Connaught House, 5th Floor

One Burlington Road

Dublin 4

D04 C5Y6

Ireland

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

March 2026 Newsletter and Press Release

On March 24, 2026, Brera Holdings PLC, operating under the name Solmate Infrastructure (the “Company”) (NASDAQ: SLMT), a Solana-based crypto infrastructure company, issued a newsletter and press release containing operational updates and market commentary. A copy of the newsletter and press release is attached to this Report on Form 6-K as Exhibit 99.1 and 99.2 and is incorporated herein by reference.

Forward-Looking Statements

This Form 6-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements relating to plans and strategies to build infrastructure in the Middle East, the Company’s plans for value creation and strategic advantages, strategies for and execution on M&A, execution on market size and growth opportunities and the expected financial impacts of the proposed actions described herein. Each forward-looking statement contained in this Form 6-K is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the proposed actions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the actions and the Company’s business strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies; the risk that the price of the Company’s securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements herein speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Newsletter, dated March 24, 2026
99.2		Press release, dated March 24, 2026

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SIGNATURES 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 24, 2026	BRERA HOLDINGS PLC
	By:	/s/ Marco Santori
		Marco Santori
		Chief Executive Officer

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Exhibit 99.1

Newsletter March 24th, 2026

Solmate Signal #01: Solana Signal in the Noise

Welcome to Solmate Signal, your monthly update on Solmate, Solana, tokenization, crypto, and more.

First, a message from our CEO, Marco Santori:

Dear Friends of Solmate,

At bottom, investment stories are usually about dislocation. Investors have always taken advantage of these dislocations to create value, and the DAT story is no different. Investors put billions of dollars into half a dozen SOL DATs over the summer of 2025, and the crypto market promptly rewarded them with a historic SOL crash the following winter. The price of SOL hasn’t recovered and we’ve been living this dislocation for the months since.

Now we’re entering the Spring of 2026 and savvy investors have their eye on a new dislocation: The one between headlines and trendlines. Headlines have been negative, but trendlines have been overwhelmingly positive. It’s a gap that’s widened since the beginning of the year and it shows no signs of stopping.

In fact, I haven’t seen this great a divergence between mainstream sentiment and underlying growth since the early days of bitcoin in 2012. Back then, the headlines uniformly read “bitcoin is for criminals”, “it’s no good as money”, or “it’s all going to zero”. Yet on-chain volume was compounding, infrastructure was growing and the brain drain from Wall Street to Bitcoin was becoming undeniable.

The parallels to Solana today are clear, and when it comes to evaluating our industry’s macro environment, it’s difficult for me to focus on anything else. At Solmate, we follow trendlines, not headlines, and the trendlines for SOL are better than they’ve ever been.

Trendlines

Headlines are trailing indicators that turn negative only after prices crash or positive after they rally. They have little predictive value. Trendlines, on the other hand, can be powerful predictors, and Solana trendlines are the strongest they’ve ever been in nearly every category:

● Real world assets (known as “RWAs”) are moving on-chain faster today than ever and they’re mostly moving to Solana. Securities are getting tokenized and traded on-chain. The biggest names on Wall Street – like Larry Fink and Paul Atkins – have thrown their support behind the move. There are ten times the number of RWAs on Solana today than there were a year ago in 2025 and the graph of new RWAs has begun to trend parabolic.

● Major payments companies are choosing Solana as the rails to move their customers’ money. Remittances have long been a killer use case for blockchains but the major consumer players have resisted integrating them. This started to change in 2025 and now the biggest of the big remittance companies are becoming adopters. The Solana Foundation alone has inked deals with Western Union, Cash App, PayPal, Stripe and even Visa.

● Stablecoin usage is growing, too. Historically, Ethereum has led the stablecoin market, but over the last few months Solana has doubled its all-time high in stablecoin volume. In fact, Solana stablecoin volume is more than double that of its previous all-time high in October. With Solana’s faster confirmation time and scalability at the base layer, it should come as no surprise that Solana is positioning itself to beat out Ethereum at a game Ethereum once won handily.

Skim the “Is Crypto Finally Dead?” headlines from the mainstream press and you’ll miss what’s really happening: trendlines heading up and to the right. In some cases, going vertical. We think demand for SOL must inevitably follow. At Solmate, we’re positioning ourselves to make the most of this growth.

Solmate’s Treasury Metrics

Solmate builds its SOL treasury by building Solana infrastructure in conjunction with our local UAE partners. Indeed, we recently announced that we are formally planning to update our corporate name and constitution to reflect this.

Here are our vital stats as of February 28, 2026:

● 1,235,834 SOL (worth about $113.2 million at $91.58¹ per token),

● about $7.1 million² worth of crypto-related securities, and

● about $9.1 million in operating cash.

If you add this up, you’ll see that our stock trades at a discount to this implied net asset value. We think the discount reflects broader market sentiment rather than the fundamental strength of our position.

While short-term price action creates noise, our focus remains on building durable infrastructure that creates long-term shareholder value. We’re not just holding digital assets. We’re strengthening the network that underpins them. This year will mark an acceleration on all fronts for builders and industry leaders who will pioneer this next era of crypto and of the world, and we’re proud to be a part of it.

The UAE

As we shared with you last week, our UAE-based validator operations remain 100% functional. Our validator systems have comprehensive redundancy plans built-in, and if regional instability were to disrupt local infrastructure, we have redundancy plans designed to support seamlessly continuing staking using failover hardware. We remain fully committed to the UAE as our strategic home, and we continue to monitor developments closely while remaining confident in the region’s long-term stability.

Marco Santori

CEO, Solmate

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In This Issue:

● Solmate validator performance

● Solmate CEO Marco Santori joins Ark’s For Your Innovation podcast with Cathie Wood and the Welcome to the Arena Podcast

● Institutions continue planning for and utilizing Solana as part of their business

● The UAE is building the future of tokenization

● Crypto card payments are accelerating

Solmate Validator Performance

Solmate’s validator statistics as of March 23rd, 2026:

● 893,505 Solana staked (remainder of Solmate treasury staked to a second validator)

● 83 active stakers

● 0% commission

● 100% uptime

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Solmate In The Media

Solmate CEO Marco Santori and Dr. Arthur Laffer joined Cathie Wood on the For Your Innovation Podcast to discuss Solana’s performance advantages, why innovation in monetary systems has historically driven growth, why the UAE is betting on Solana, the evolution of Solmate, and more!

Marco Santori also joined ICR’s Welcome to the Arena podcast to discuss combining off-chain capital with on-chain infrastructure, and why Solmate’s strategic choice of Abu Dhabi as home base makes sense for building the future of capital markets. Listen to the conversation here or anywhere podcasts are available.

Institutions Onboard To Solana

The Solana Foundation launched Solana Payments and outlined why financial giants like Visa, PayPal, Worldpay, and Citi are choosing Solana as their blockchain payments layer.

Payments adoption metrics broken into five verticals are now live: treasury management (bypassing T+2 settlement for 24/7 liquidity), remittances, neobanking, payouts for gig workers and creators, and merchant settlement.

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Solana is the fastest growing blockchain for payments.

Data from Artemis and shows year-over-year growth of TPV as of 2/11/26:

Solana is the fastest growing blockchain for payments. Data from Artemis and shows year-over-year growth of TPV as of 2/11/26:

SoFi users can now buy and sell Solana directly from a bank account. SoFi Crypto is offered through SoFi Bank, making it one of the first federally regulated banks to offer Solana trading alongside traditional banking products.

This is another signal that SOL is bridging the gap between TradFi and crypto native platforms.

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Crossmint and Western Union are partnering to announce USDPT, a new stablecoin that will be issued on Solana. Alongside USDPT they are launching the Digital Asset Network which will give users the ability to offramp stablecoins directly to cash at more than 360,000 Western Union retail locations worldwide.

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Solana’s Real World Asset (RWA) ecosystem hit a new all-time high with over $1.82B+ in tokenized value (data from @RWA_xyz):

The UAE Continues Building The Future of Tokenization

The Dubai Land Department and tokenization firm Ctrl Alt launched a secondary market for real estate-backed tokens enabling the resale of over $5 million in fractional property ownership. Roughly 7.8 million tokens tied to 10 Dubai properties are now eligible for trading within a controlled market environment.

Matt Acheson, CPO at Ctrl Alt, said:

“Our goal was to build a secondary market infrastructure that is efficient for the entire ecosystem while maintaining the controls and governance required by the DLD and VARA. To achieve this, Ctrl Alt engineered a sophisticated technical framework to facilitate the dual operation of ARVA management tokens and ownership tokens seamlessly on-chain. We manage the underlying complexity of this tokenization technology so that distribution platforms like PRYPCO and others can deliver smooth, fractional real estate experiences to their end users, without the requirement of building and managing the tokenization infrastructure themselves.”

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This is Phase II of the Dubai Land Department’s Real Estate Tokenization Project and is part of Dubai’s broader plan to tokenize $16 billion in property by 2033.

Meanwhile, the DFSA’s inaugural tokenization regulatory sandbox attracted 96 expressions of interest from firms looking to operate within its framework. This shows a signal of continued institutional demand for regulated tokenization in the UAE.

ADGM’s Registration Authority also published Discussion Paper No. 1 of 2026, proposing guidance and supervisory expectations for crypto mining activities conducted in or from ADGM. The paper sets out governance, operational, cybersecurity, and disclosure requirements that encompass part of the UAE’s ongoing push to build comprehensive regulatory clarity across all dimensions of digital assets.

The UAE continues to assemble the regulatory and institutional frameworks needed to make the next tokenization of assets on a mass scale possible.

Crypto Card Payments Accelerate

Global crypto card payment volume has increased significantly. With volume reaching approximately $1.5 billion per month in August 2025, up from about $100 million in early 2023, according to data from Artemis. Regions where stablecoins address specific economic constraints have shown the most pronounced adoption. In these areas, crypto cards are used for inflation protection and cross-border value storage.

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The report shows stablecoins are not typically replacing existing card networks at the point of sale, but are instead being used for backend settlement. This gives users faster and more flexible movement of value while maintaining global card acceptance, coupled with access to currency that is not being rapidly debased.

For the full report click here

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One Thing To Know

As of March 19th, Stablecoin supply on Solana sits around $17b (data from @artemis)

Notes

The key performance indicators (“KPIs”) included in this newsletter are intended to supplement, not replace, the Company’s financial information prepared and presented in accordance with International Financial Reporting Standards (IFRS). The Company undertakes no obligation to update or revise any KPI or related disclosure, except as required by law. Nothing contained herein constitutes an investment recommendation, an offer to sell, or the solicitation of an offer to buy or invest in, any securities. The information presented herein does not constitute investment advice and should not be used to form the basis for an investment decision. Investors should rely on the financial statements and other disclosures contained in the Company’s SEC filings and should seek legal and tax advice before making a decision to invest in any Company securities.

This newsletter contains information the Company believes to be reliable, and has been obtained from sources believed to be reliable, but the Company makes no representation or warranty (express or implied) of any nature, nor accepts any responsibility or liability of any kind, with respect to the fairness, accuracy, completeness, or reasonableness of the information or opinions contained herein. Analyses and opinions contained herein (including market commentary, statements or forecasts) reflect the judgment of the Company as of the date this newsletter was published and may contain elements of subjectivity (including certain assumptions) or be based on incomplete information.

Forward-Looking Statements

This newsletter contains forward-looking statements regarding the Company’s strategic plans, corporate restructuring, partnership arrangements, and infrastructure development. These statements involve risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory changes, shareholder approval, and operational challenges. The Company undertakes no obligation to update these statements except as required by law.

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Exhibit 99.2

Solmate Infrastructure Provides Update on Digital Asset Treasury Holdings

Company Launches “Solmate Signal” Investor Newsletter to Provide Ongoing Updates to Investors

ABU DHABI, United Arab Emirates — March 24, 2026 — Solmate Infrastructure (Brera Holdings PLC, NASDAQ: SLMT), a leading Solana infrastructure company with a strategic focus on Abu Dhabi, today provided an update on its digital asset treasury holdings and announced the publication of its inaugural investor newsletter.

Treasury Holdings Update

Solmate remains well-positioned from a liquidity and capital perspective. The company’s treasury holdings primarily consist of SOL, crypto-related securities, and cash. Solmate also holds assets as part of its multi-club football business, like soccer teams. While these assets may have long-term value, they are excluded from this treasury holdings update.

As of February 28, 2026, Solmate held 1,235,834 SOL and approximately $7.1 million¹ of crypto-related securities. As of February 28, 2026, Solmate also held approximately $9.1 million in cash. Thanks to this prudent cash management, Solmate has not been required to sell any of its treasury SOL to fund operations. Based on a recent market price of $91.58² per SOL on March 24, 2026, this represents a market value of the Company’s total digital asset treasury holdings of approximately $129.4 million.

Inclusive of crypto-related securities and cash on hand, the Company’s total estimated digital asset treasury value, using the figures above, is approximately $1.43 per fully diluted share (inclusive of 81,995,395 Class B Ordinary shares and 8,494,000 pre-funded warrants outstanding). The below table illustrates these key items.

Solmate maintains a strong balance sheet with no long-term debt, positioning the company with significant financial flexibility as it continues to scale its digital asset treasury strategy. This capital discipline provides the company with the ability to evaluate and pursue strategic financing opportunities when appropriate, including expanding its portfolio of yield-bearing SOL and other crypto-related investments.

1	Reflects most recently-reported Fair Market Value of crypto-related securities held by the company.
2	CoinMarketCap, March 23rd, 2026 9am ET. Treasury value calculations are presented for informational purposes only and are not representations of the Company’s financial statements prepared in accordance with GAAP.

SLMT Estimated Digital Asset Treasury Value/Share
$SOL Held			1,235,834
$SOL Token Price		$	91.580
SOL Token Value		$	113,177,678
+ Crypto Related Securities		$	7,072,933
+ Cash		$	9,105,000
- Long Term Debt		$	0
= Total Digital Asset Treasury Value		$	129,355,611
SLMT Class B Ordinary Shares			81,995,395
Prefunded Warrants (PFWs)			8,494,000
Total Shares + PFWs			90,489,395
Total Digital Asset Treasury Value Per Share		$	1.4295

“We founded Solmate to bring investors exposure to the Solana ecosystem,” said Marco Santori, Chief Executive Officer of Solmate. “The ecosystem is advancing quickly, so regular updates and financial transparency will be key to this mission. We plan to continue publishing regular treasury updates and investor communications as we scale operations and remain focused on building a durable, infrastructure-driven platform designed to generate long-term value for our shareholders.”

“Solmate Signal” Investor Newsletter

Concurrent with this release, Solmate has published its inaugural investor newsletter. The newsletter is intended to serve as a regular channel through which management communicates directly with the investment community on matters of strategic and operational relevance.

The inaugural edition covers:

● A review of current Solmate strategic priorities, including its validator infrastructure strategy

● Commercial developments and market trends in the UAE

● An update on developments within the broader Solana network, including recent protocol upgrades, staking economics, and ecosystem growth trends

● Management’s perspective on the evolving digital asset treasury landscape and Solmate’s positioning within it

The newsletter is available on the Company’s website at www.solmate.com and has been furnished to the SEC as an exhibit to a Report on Form 6-K furnished concurrently with this release.

Investors and other interested parties may subscribe to future editions of the newsletter by visiting the Company’s website or contacting Solmate’s investor relations team at Solmate@icrinc.com.

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About Solmate Infrastructure

Solmate Infrastructure, currently operating as Brera Holdings PLC (NASDAQ: SLMT), together with its strategic partners, builds institutional-grade Solana staking, validation, and treasury infrastructure with a strategic focus on Abu Dhabi. Backed by ARK Invest, RockawayX, Pulsar Group, and leading UAE investors, Solmate deploys capital and hardware to drive Solana adoption across the Middle East and beyond while continuing to operate its multi-club football business. For more information visit www.solmate.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding Solmate’s strategic plans, partnership arrangements, and infrastructure development. These statements involve risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory changes, and operational challenges. Solmate undertakes no obligation to update these statements except as required by law.

Investor Contact

John Ragozzino Jr., CFA

Solmate@icrinc.com

Media Contact

Josh Gerth / Bryson Greene

Solmate@icrinc.com

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FAQ

What digital asset holdings did Solmate Infrastructure (SLMT) report?

Solmate reported holding 1,235,834 SOL tokens, about $7.1 million of crypto-related securities, and about $9.1 million in cash as of February 28, 2026. These figures highlight a treasury strongly anchored in Solana alongside liquid crypto investments and a meaningful cash position.

How large is Solmate Infrastructure’s estimated digital asset treasury value?

Using a SOL market price of $91.58, Solmate estimated its total digital asset treasury value at roughly $129.4 million. This includes the SOL position, crypto-related securities, and cash, providing investors with a snapshot of the company’s crypto-focused balance sheet at that date.

What per-share digital asset treasury value did Solmate (SLMT) disclose?

Solmate calculated an estimated digital asset treasury value of about $1.43 per fully diluted share. This figure is based on total digital asset treasury value of approximately $129.4 million and 90,489,395 fully diluted shares, including Class B ordinary shares and pre-funded warrants outstanding.

Does Solmate Infrastructure have long-term debt on its balance sheet?

Solmate stated that it has no long-term debt, supporting its claim of a strong balance sheet and financial flexibility. The company also noted that prudent cash management has meant it has not needed to sell any of its treasury SOL to fund operations to date.

What is the purpose of Solmate’s new “Solmate Signal” investor newsletter?

The “Solmate Signal” newsletter is intended as a regular communication channel for strategic and operational updates. The inaugural edition discusses Solana trendlines, Solmate’s treasury metrics, UAE-based validator operations, and broader tokenization and payments developments, complementing formal financial reporting and SEC filings for investors.

How is Solmate Infrastructure positioned geographically and strategically?

Solmate focuses on building institutional-grade Solana staking, validation, and treasury infrastructure with a strategic base in Abu Dhabi. It works with UAE partners, continues to operate a multi-club football business, and emphasizes the Middle East as a key region for Solana adoption and tokenization initiatives.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 NEWSLETTER, DATED MARCH 24, 2026 39.2 KB
• EX-99.2 PRESS RELEASE, DATED MARCH 24, 2026 20.3 KB