BIT Mining Expands into Solana Ecosystem with Strategic $300 Million SOL Treasury Plan

Reuters

Jul 10, 2025

BIT Mining Limited has announced its strategic expansion into the Solana ecosystem, marking a significant milestone in the company's growth trajectory.

This move aims to capture emerging opportunities in the blockchain value chain and attract investors interested in Solana.

As part of this expansion, BIT Mining plans to establish a robust SOL treasury, raising between $200 million and $300 million to strengthen its reserves.

BIT Mining shares surged 309% in premarket trading.

The company will convert its existing crypto holdings into SOL and focus on long-term growth through developer community engagement and validator node operations.

CEO Xianfeng Yang expressed confidence in delivering sustainable shareholder value through this strategic shift.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2550064544"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2550064544\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2550064544?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-10 19:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2550064544","market":"us","top_or_hot":-1,"title":"BIT Mining Expands into Solana Ecosystem with Strategic $300 Million SOL Treasury Plan","media":"Reuters","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BTCM\">BIT Mining Limited</a> has announced its strategic expansion into the Solana ecosystem, marking a significant milestone in the company&#39;s growth trajectory.</p><p>This move aims to capture emerging opportunities in the blockchain value chain and attract investors interested in Solana.</p><p>As part of this expansion, BIT Mining plans to establish a robust SOL treasury, raising between $200 million and $300 million to strengthen its reserves.</p><p>BIT Mining shares surged 309% in premarket trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d10f00629bf8b5fd024c68bf7aa5e1a8\" tg-width=\"462\" tg-height=\"400\"/></p><p>The company will convert its existing crypto holdings into SOL and focus on long-term growth through developer community engagement and validator node operations.</p><p>CEO Xianfeng Yang expressed confidence in delivering sustainable shareholder value through this strategic shift.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BIT Mining Expands into Solana Ecosystem with Strategic $300 Million SOL Treasury Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBIT Mining Expands into Solana Ecosystem with Strategic $300 Million SOL Treasury Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-10 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/BTCM\">BIT Mining Limited</a> has announced its strategic expansion into the Solana ecosystem, marking a significant milestone in the company&#39;s growth trajectory.</p><p>This move aims to capture emerging opportunities in the blockchain value chain and attract investors interested in Solana.</p><p>As part of this expansion, BIT Mining plans to establish a robust SOL treasury, raising between $200 million and $300 million to strengthen its reserves.</p><p>BIT Mining shares surged 309% in premarket trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d10f00629bf8b5fd024c68bf7aa5e1a8\" tg-width=\"462\" tg-height=\"400\"/></p><p>The company will convert its existing crypto holdings into SOL and focus on long-term growth through developer community engagement and validator node operations.</p><p>CEO Xianfeng Yang expressed confidence in delivering sustainable shareholder value through this strategic shift.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密货币概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250710:nNDL56fqBy:1","article_id":"2550064544","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550064544","pubTimestamp":1752146510,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"As part of this expansion, BIT Mining plans to establish a robust SOL treasury, raising between $200 million and $300 million to strengthen its reserves.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4600":"加密货币概念","BK4595":"比特币概念","BK4023":"应用软件"},"translate_title":"BIT Mining通过3亿美元的SOL国库战略计划扩展到Solana生态系统","themeId":"b6756b8c503a2dc2c75e37af3398b1f3","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCM":0.9},"content_text":"BIT Mining Limited has announced its strategic expansion into the Solana ecosystem, marking a significant milestone in the company's growth trajectory.This move aims to capture emerging opportunities in the blockchain value chain and attract investors interested in Solana.As part of this expansion, BIT Mining plans to establish a robust SOL treasury, raising between $200 million and $300 million to strengthen its reserves.BIT Mining shares surged 309% in premarket trading.The company will convert its existing crypto holdings into SOL and focus on long-term growth through developer community engagement and validator node operations.CEO Xianfeng Yang expressed confidence in delivering sustainable shareholder value through this strategic shift.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}