BIT Mining Limited Strategically Positions into Solana Ecosystem

July 10, 2025

DENVER, Colo., Jul 10, 2025 (247marketnews.com)- BIT Mining (NYSE:BTCM) made a strategic move to expand its operations into the Solana ecosystem. This development signifies a key step forward in the Company’s pursuit of long-term growth and diversification. With this initiative, BIT Mining is strategically positioning itself to tap into new opportunities across the blockchain sector, while appealing to investors interested in Solana-based assets and applications.

By entering the Solana ecosystem, the Company aims to leverage its high-performance infrastructure and dynamic developer community to drive innovation, enhance ecosystem integration, and create sustainable shareholder value.

A central component of this shift involves establishing a substantial SOL treasury, which will serve as a foundational element of BIT Mining’s revised strategy. To fund this initiative, the Company intends to raise between $200 million and $300 million in stages, subject to prevailing market conditions and capital availability. The capital raised will be used primarily to accumulate SOL tokens, thereby bolstering the Company’s treasury through a mix of direct investment and strategic acquisitions.

Xianfeng Yang, BIT Mining’s CEO, stated, “We are excited to take this bold step into what we believe is one of the most dynamic and promising ecosystems in the blockchain space. This strategic move reflects our commitment to staying adaptive and responsive in an ever-evolving industry. With our strong execution capabilities and long-term vision, we are confident in our ability to accelerate sustainable growth and deliver lasting value to our shareholders.”

To launch its Solana-focused treasury, BIT Mining will convert its existing cryptocurrency assets into SOL and adopt a long-term holding approach. Looking ahead, the Company plans to deepen its engagement within the Solana ecosystem by leveraging its technical expertise to operate validator nodes. This effort will support decentralization and network security while also generating consistent, on-chain staking rewards.

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