BIT Mining plans to raise 200 million USD to 300 million USD for a Solana treasury, shifting from Bitcoin. The company will convert all existing crypto holdings into SOL and operate validator nodes to enhance decentralization.
The firm’s move reflects a trend in crypto diversification, with others like DeFi Development Corp. Also investing in Solana. Following the news, BIT Mining’s stock rose over 300% in pre-market trading.
Leave a Reply