RBCH, the largest external shareholder of Solana's digital asset treasury company Solmate Infrastructure (SLMT), has sued the company's current executives and directors in the New York State Supreme Court, accusing them of violating trust obligations, making misleading statements, and engaging in self dealing behavior. RBCH holds approximately 22.74% of the shares of Brera Holdings, the parent company of Solmate, and led Solmate's $300 million PIPE financing in September 2025, promising to invest $50 million. The lawsuit alleges that the board of directors engaged in actions that harmed shareholder interests, including selling shares during the lock up period, signing advisory agreements biased towards related parties, and directors Ron Sade and Keren Maimon personally buying approximately 2.298 million Class B shares at $4.97 per share, resulting in a dilution of approximately 20% for shareholders. Solmate currently holds approximately 2 million SOLs on its books, and its stock price has fallen by about 78% since the beginning of the year, with SOL falling by about 50% during the same period.
