$BTC $BNB Another change of plans, this time from Bitcoin to Solana . Cryptocurrency mining company BIT Mining has announced a plan to raise up to $300 million in capital to purchase $SOL tokens. This is a significant change of plans, reflecting one of the most important trends of this cycle.BIT Mining's goal, at least according to what is reported in the company's official press release, which you can read here , is to take advantage of the transition to strategically position itself towards what is considered a growth path for the company that will take into account what can be offered by alternative protocols such as Solana .The plan would be to start strong immediately, raising between $200 and $300 million in capital—to be used immediately for purchases. The move has been well received by Wall Street, with the group's shares gaining over 120% at the time of writing and trading above $5.40. A shocking statement for manyWhat we read in the press release is almost unbelievable.Bit Mining Limited (NYSE: BTCM), a leading mining company, today announced a strategic shift as it expands into the Solana ecosystem.A more than strategic change for a company that until now had mainly dealt with mining and which instead switched to a protocol where mining is not possible.To start the treasury, BIT Mining will convert its current crypto holdings into Solana and adopt a long-term holding strategy.According to Bitcoin Treasuries – which you can find here – the company only has 19 Bitcoins on hand, assuming the list is properly updated.We are therefore talking about a company that was in this sense very small in size and which had little chance of competing in an increasingly difficult sector such as Bitcoin mining

A change of plan that the markets like, however

The markets, however, reacted very positively. The group saw its shares rise more than 120% in the first hours of trading in New York . This is a sign that certain moves continue to please the markets—and very #writetoearn