Solmate Abandons RockawayX Deal, Shifts Focus to Leaner Treasury Strategy - Crypto Economy

Marco Santori, CEO of Solmate, announced this Monday that the infrastructure firm has decided not to proceed with its planned merger with RockawayX. The Nasdaq-listed company explained that current market conditions have changed drastically, making the original terms no longer viable. Instead, they have opted for a leaner Solana treasury strategy, focused on preserving balance sheet strength and avoiding the dilution of their assets.

With this strategy, they aim to maximize operational efficiency while Solmate maintains its strong position with over 1.2 million SOL. Although the merger has been halted, both entities will continue to collaborate through a strategic alliance to operate validators in the United Arab Emirates. This approach allows Solmate to capture staking rewards directly, eliminating the friction and technical risks associated with a complex corporate integration in a depressed price environment.

Solmate’s ability to capitalize on new acquisitions at discounted prices, thanks to its preserved liquidity, will be under the market’s microscope. Furthermore, it will be crucial to observe whether the SOL price maintains support at $61.64, which would validate technical growth projections toward the $141–$215 range during this market cycle.

**Source:**https://www.businesswire.com/news/home/20260209926178/en/Solmate-Prioritizes-Capital-Efficiency-Shifts-RockawayX-Relationship-to-Strategic-Partnership

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