BIT Mining Limited is expanding into the Solana ecosystem, planning to build a $300 million SOL treasury by raising funds depending on market conditions.
The company aims to accumulate SOL through fundraising and convert its existing crypto holdings into Solana tokens for long-term growth.
BIT Mining intends to support the Solana network by operating validator nodes to earn on-chain staking rewards.
This strategic move is part of a broader initiative to create sustainable shareholder value and aligns with the trend of firms adopting various crypto assets for treasury allocation.