**BIT MINING SHIFTS STRATEGY TO SOLANA ECOSYSTEM WITH $200–$300 MILLION SOL TREASURY PLAN**

🌟 BIT Mining Limited (NYSE: BTCM), a publicly traded Bitcoin mining company, is pivoting to the Solana ecosystem following reduced Bitcoin mining profitability post the April 2024 halving.
🌟 The company plans to raise $200–$300 million to acquire SOL tokens, converting its existing crypto holdings (including 19 BTC worth ~$2.1 million) into SOL for a long-term treasury strategy.
🌟 BIT Mining will operate validator nodes on Solana to earn staking rewards, aiming to diversify revenue streams by leveraging Solana’s high-speed, low-cost transactions.
🌟 The move is designed to attract investors seeking exposure to Solana’s ecosystem, with BIT Mining’s stock (BTCM) surging significantly after the announcement.
$SOL #TrendTradingStrategy