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Cathie Wood-backed crypto stock drops over 90%
Key takeaways
- Founded in 2022, it began as an owner of small football clubs across Italy, North Macedonia, Mozambique, and Mongolia.
- After its public debut in 2023, it joined the hundreds of firms racing to stockpile crypto tokens in imitation of Michael Saylor's Strategy, which surged after pivoting to bitcoin accumulation in 2020.
- Then, in October 2025, Ark took 11.5% stake in the company.
Cathie Wood-backed crypto stock drops over 90% Cathie Wood-backed crypto stock drops over 90% · The Street · Jason Alden/Bloomberg via Getty Images Pooja Rajkumari Sat, June 27, 2026 at 8:29 PM GMT+7 2 min read SLMT MSTR SOL-USD BTC-USD PULS.L Michael Saylor's Strategy (NASDAQ: MSTR) has been the inspiration behind many companies picking up a crypto treasury model.
One such firm was Brera Holdings. Founded in 2022, it began as an owner of small football clubs across Italy, North Macedonia, Mozambique, and Mongolia.
After its public debut in 2023, it joined the hundreds of firms racing to stockpile crypto tokens in imitation of Michael Saylor's Strategy, which surged after pivoting to bitcoin accumulation in 2020.
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