TLDR:
- Bit mining will collect up to $ 300 million to build a long -term solar (SoL) Treasury.
- The company plans to convert part of its crypto portfolio to Sol Holdings.
- Validator operations at Solana will support network security and revenue growth.
- Strategic brands alternate from mining to wider web3 and blockchain infrastructure.
Bit mining has revealed plans to move its Long -term strategy against Solana.
The company will build a dedicated sun Treasury and collect up to $ 300 million to support this trait. With the transition, it aims to deepen its role in high-growth Solana ecosystem.
The company will also convert existing crypto assets to SoL, which signals a fixed commitment to the network. This shift marks a broader re -adjustment to capture new opportunities over the developing crypto landscape.
Bit Mining Company is aimed at $ 300 million Sol Treasury
Bit mining, listed on NYSE during BTCM, confirmed on July 10 that it will allocate up to $ 300 million to build a Solana Treasury.
In accordance with to a press releaseThis fund will be collected in phases, depending on market conditions. The company intends to strengthen its reserve by buying and keeping sun in the long term.
In addition to collecting capital, bit breaks will convert part of its current crypto portfolio to SoL. This movement is in line with its strategy to center operations around Solana. The company plans to distribute funds steadily and build a significant proportion during tracking Solana’s market dynamics.
As part of the transition, bit mining also aims to run validator within the Solana network. This step allows the company to support network security and earn rewards on the chain.
According to its statement, the company sees validator operations as a reliable method for generating long -term value.
Running nodes will also increase bit mining visibility and operational presence in the Solana ecosystem. This shift supports the company’s ambition to play an active role in the growth of the network and Decentralization efforts.
Long -term strategy signals broader expansion
The decision reflects BIT Mining’s broader goal of adapting to market trends and expanding in addition to traditional mining.
CEO Xianfeng Yang described the shift as a bold but still necessary feature for the company’s future. He added that bit mining’s infrastructure and experience will help it grow within the Solana ecosystem.
The company, which is currently extending over mining hardware, data center and chipdesign, now places itself to earn wider blockchain economy. By prioritizing Solana, it tries to diversify its revenue base and exploiting new opportunities that emerge in the web3 development.
The announcement, which was shared by Wu Blockchain on social media, attracted new attention from the crypto sector.
Crypto Mining Bit Mining (NYSE: BTCM) has announced a strategic expansion to the Solana ecosystem, with plans to build a Sol Treasury of up to $ 300 million as a core initiative. The company intends to collect 200 million to $ 300 million in phases to collect sun and will …
– wu blockchain (@wublockchain) July 10, 2025
As Solana continues to gain traction, bit mining’s movement can reflect a growing trend among institutional players. With plans to distribute capital and drive the chain, the company positions itself closer to the core of the next gene blockchain infrastructure.
