Solmate (SLMT) Continues Leadership Team Expansion With Appointment of Scott Buchanan as CFO to Lead Capital Markets and Treasury Strategy as SOL Treasury Value Surges 70% Since the Beginning of Q3
CPA and former Bitcoin Depot executive who helped scale the company, take it public on Nasdaq, and lead its capital raising and acquisitions joins October 1
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Solmate Infrastructure PLC (NASDAQ: SLMT) (“Solmate” or the “Company”) today announced the appointment of Scott Buchanan as Chief Financial Officer, effective October 1, 2026. The appointment follows other recent additions to the Company’s leadership team and continues its expansion as Solmate scales its digital asset and infrastructure business. Mr. Buchanan will lead Solmate’s finance function, including financial reporting, capital markets, and treasury management, as the Company’s SOL treasury grows from approximately $88 million on July 31 to approximately $149.6 million as of September 29, as calculated in accordance with the discussion below of Solmate’s public dashboard.
Mr. Buchanan held senior leadership roles at Bitcoin Depot (Nasdaq: BTM) from 2019, serving as Chief Financial Officer, Chief Operating Officer, President and, ultimately, Chief Executive Officer. During his tenure, the company grew revenue from approximately $5 million to $175 million and its team from 10 to 190 employees, and completed its Nasdaq listing through an approximately $400 million SPAC merger. He also sourced and closed more than $200 million in growth capital and more than $50 million in acquisitions.
Most recently, Mr. Buchanan served as Vice President of Finance at Bitcoin Standard Treasury Company. He is a Certified Public Accountant, began his career in assurance at KPMG, and holds a Master of Science in Accountancy from Wake Forest University.
“Scott has done what we need a CFO to do: scale a digital asset business, raise capital, and lead it as a Nasdaq-listed company,” said Ron Sade, Chief Executive Officer of Solmate. “His public-company and treasury experience strengthens our finance leadership as we move into our next stage of growth.”
“Solmate has a strong SOL treasury and a clear infrastructure strategy,” said Mr. Buchanan. “My priorities are disciplined capital allocation, rigorous reporting and transparent communication with our shareholders.”
According to Solmate’s public treasury dashboard, the estimated market value of the Company’s SOL holdings was approximately $149.6 million as of September 29, 2026, up from approximately $88 million on July 31, 2026, an increase of approximately 70%. The Company held approximately 1.26 million SOL. These values are unrealized estimates driven by movements in SOL’s market price, may decline substantially, and are not a measure of profit. The Company had not sold any SOL as stated in its September 24 release.
Treasury figures are unaudited point-in-time estimates, are updated once per trading day on the Company’s dashboard, and may differ from amounts reported in the Company’s financial statements prepared in accordance with IFRS. The Solmate holdings dashboard is available at https://solmate-slmt.vercel.app/#dashboard. Treasury figures are unaudited point-in-time estimates and may differ from amounts reported in the Company’s financial statements prepared in accordance with IFRS. The dashboard is updated once per trading day at 16:30 New York time and presents point-in-time snapshots that are not updated in real time. The Company intends to update the dashboard once per trading day but does not undertake to update it at any other time, and reserves the right to modify or discontinue the dashboard at any time. Information contained on the Company’s website or dashboard is not incorporated by reference into, and does not form part of, this press release or any filing the Company makes with the U.S. Securities and Exchange Commission. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The Solmate holdings dashboard is available at solmate.com.
About Solmate Infrastructure PLC
Solmate Infrastructure PLC (NASDAQ: SLMT) is building next-generation digital infrastructure spanning blockchain and staking. The Company is focused on creating long-term shareholder value through the ownership, operation and optimization of mission-critical digital infrastructure assets.
Forward-Looking Statements and Disclaimer
This press release contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding the Company’s management team, investor relations and marketing plans, SOL accumulation strategy and the expected growth of the Solana ecosystem. Treasury values are unaudited point-in-time estimates based on market prices as of the dates indicated, may change materially with movements in digital-asset prices, and may differ from the carrying value reported in the Company’s financial statements prepared in accordance with IFRS. Past price appreciation does not predict future results, and the market value of the Company’s SOL holdings may decline substantially. Forward-looking statements are based on current expectations, estimates and assumptions and involve known and unknown risks and uncertainties, including digital-asset price volatility, changes in laws and regulation, technology and cybersecurity risks, competition, network performance and market liquidity, as described in Solmate’s filings with the U.S. Securities and Exchange Commission. Readers should not place undue reliance on forward-looking statements. Solmate undertakes no obligation to update these statements except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260930161000/en/
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KEYWORDS: United States United Arab Emirates North America Middle East
INDUSTRY KEYWORDS: Professional Services Technology Blockchain Cryptocurrency Finance Digital Cash Management/Digital Assets
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