Solmate Names Bitcoin Depot Alum Scott Buchanan CFO as SOL Treasury Hits $149.6M
SLMT sits 58% above its 52-week low of $2.93.
Summary
Solmate Infrastructure appointed Scott Buchanan as CFO effective October 1, 2026. Buchanan brings public-company digital asset experience from Bitcoin Depot, where he held senior leadership roles including CFO and CEO and led a $400M SPAC listing. The appointment follows a series of leadership additions and comes as the company's SOL treasury reached approximately $149.6 million, up 70% since July 31. The treasury growth is driven by SOL price appreciation, not new purchases, and remains unrealized. This hire strengthens the finance function as Solmate scales its digital asset operations.
At the time of this announcement, SLMT was trading at $4.64 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $49.8M. The 52-week trading range was $2.93 to $374.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.