24/7 Market News Snapshot 10 July, 2025 – BIT Mining Limited (NYSE:BTCM)

July 10, 2025

DENVER, Colo., 10 July, 2025 (www.247marketnews.com) – (NYSE:BTCM) are discussed in this article.
BIT Mining Limited (NYSE:BTCM) is experiencing significant momentum, showcased by a remarkable pre-market trading surge, with shares rising to $3.90, reflecting a 58.54% increase from the previous close of $2.46. This surge, coupled with a trading volume of 3.24 million shares, signifies robust investor interest and strong market confidence in the cryptocurrency mining sector.

In addition to its impressive market performance, BIT Mining is embarking on a strategic expansion into the Solana ecosystem, a pivotal move aimed at enhancing the company’s long-term growth prospects. This initiative positions BIT Mining to capitalize on emerging opportunities within the dynamic blockchain landscape while attracting investors looking to engage in the thriving Solana market.

A key aspect of this expansion is the establishment of a SOL treasury, underscoring the company’s dedication to a forward-thinking strategy. BIT Mining plans to raise between $200 million and $300 million in multiple phases, contingent on favorable market conditions. The proceeds will predominantly be directed toward acquiring SOL tokens, thereby strengthening the company’s treasury reserves through well-timed investments.

To further its commitment to the Solana platform, BIT Mining intends to convert its existing cryptocurrency holdings into SOL. This long-term holding strategy is complemented by plans to operate validator nodes, which will enhance network security and decentralization while generating consistent on-chain staking rewards.

CEO Xianfeng Yang expressed optimism regarding this strategic shift, emphasizing that it places BIT Mining within one of the most promising ecosystems in the blockchain realm. He reaffirmed the company’s dedication to delivering sustainable growth and value to shareholders through effective execution of its innovative vision. This expansion complements BIT Mining’s overarching goal to create a vertically integrated crypto-mining ecosystem, highlighting its commitment to industry leadership and innovation.

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