The largest outside shareholder of Solana treasury firm Solmate Infrastructure (Nasdaq: SLMT) has filed a lawsuit in the Supreme Court of the State of New York against the company’s current officers and directors, accusing them of a breach of fiduciary duty and other misrepresentations.
RBCH, the litigant affiliated with Viktor Fischer, the founder and CEO of RockawayX, holds approximately 22.74% of the digital asset treasury firm’s Ireland-based corporate parent, Brera Holdings, after leading the DAT’s $300 million PIPE transaction in September 2025 with a $50 million commitment.
The lawsuit comes just weeks after Forward, the largest Solana digital asset treasury firm, offered to acquire Brera at a 30% premium in an all-stock transaction. That bid was rejected by Brera’s board.
Solmate, which has about 2 million SOL on its books, is among the worst-performing SOL DATs, down roughly 78% year-to-date and trading at a steep discount to NAV. This comes as SOL itself is down about 50%.
Source: The Block
