BIT Mining Limited, a global leader in cryptocurrency mining, just made a major power move—expanding into the Solana ecosystem with a massive $300 million SOL treasury strategy.
This initiative marks a bold pivot toward high-performance blockchain infrastructure and long-term crypto asset growth. 💼📈
💰 Treasury Strategy: $300M in SOL Incoming
🔹 BIT Mining plans to build a Solana treasury worth up to $300 million
🔹 The company will raise $200M–$300M in phases, depending on market conditions
🔹 Funds will be used to accumulate SOL tokens
🔹 Existing crypto assets will also be converted into SOL as part of a long-term HODL strategy
> 🧠 “This isn’t just an investment—it’s a conviction bet on Solana’s future.”
🛠️ Validator Nodes + Staking = Passive Revenue
BIT Mining isn’t stopping at just accumulation. The firm will:
🔹 Run validator nodes to support Solana’s decentralization
🔹 Earn on-chain staking rewards for infrastructure participation
🔹 Turn the network’s performance into predictable, scalable income
> 💡 A true hybrid model: long-term growth + recurring revenue.
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🎯 CEO Speaks: Strategic Shift for Shareholder Value
Xianfeng Yang, CEO of BIT Mining, said this is a transformative realignment to unlock sustainable shareholder value:
🗣️ “Solana is one of the most dynamic ecosystems. This move highlights our agility and commitment to long-term growth in a rapidly evolving crypto landscape.”
✅ Strong execution capability
✅ Long-term strategic outlook
✅ Vision to expand beyond mining into multi-chain blockchain infrastructure
🏭 BIT Mining’s Expanded Role
BIT Mining isn’t just any mining firm — it's vertically integrated across:
🔸 Crypto mining
🔸 Data center operations
🔸 ASIC hardware manufacturing
💡 Now, it’s deepening its blockchain footprint — moving from proof-of-work into proof-of-stake economies like Solana.
🌍 Institutional Trend: Solana on the Rise
BIT Mining’s move echoes a larger institutional trend toward SOL:
📢 DeFi Development Corp just purchased 153,225 SOL for $23.72M
📦 Their total SOL holdings now sit at 846,630 SOL ($133.1M)
🏆 They are now the largest public Solana holder by volume & market cap
🔮 Other tokens gaining similar institutional traction:
✅ $XRP
✅ $ETH
✅ Bitcoin-style treasury adoption—Solana is next in line!
🧠 Final Takeaway
BIT Mining’s Solana expansion is more than just hype—it’s a strategic move into next-gen blockchain infrastructure with a long-term vision. By building a deep treasury, supporting the network, and aligning with broader market trends, they’re setting the stage for exponential growth. 📶
🔥 Solana isn’t just for traders anymore—it’s becoming a top institutional treasury asset.
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