Updated: 20.03.2026
Bitcoin-miner Bit Mining announced plans to raise between $200 million and $300 million in several stages to create a strategic reserve Solana (SOL). The company wants to convert into token part of its assets.
Data from BitcoinTreasuries.NET shows that Bit Mining owns 19 bitcoins, which at current prices is worth about $2 million.
Bit Mining CEO Xianfeng Yang said the move demonstrates the company’s ability to adapt in a «constantly evolving industry.»
We are excited to take this bold step into what we believe is one of the most dynamic and promising ecosystems in the blockchain space,” he said.
Following the announcement of the creation of a reserve in Solana, the mining company’s shares soared to $11 in premarket trading, up 350% from Wednesday’s close of $2, according to Yahoo Finance. At press time, the stock was down to $6,29.
In late June, another mining company, Bit Digital, announced that it would abandon Bitcoin and move to a pure-play strategy. эфириум. At that time, the miner’s shares fell by 15%, but then they recovered and even grew by 80% since the announcement.
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