BIT Mining Limited (NYSE: BTCM), soon to be renamed SOLAI Limited, has purchased 17,221 additional SOLtokens, raising its total Solana reserves to 44,412 SOL as part of its expanding Solana-focused strategy. The newly acquired tokens bring the treasury’s market value to approximately US$9.95 million, based on SOL prices as of September 10, 2025.
Key Takeaways
- New Acquisition: BIT Mining acquired 17,221 SOL, under its ongoing strategy to build a meaningful treasury in Solana.
- Total Holdings: After the purchase, the company now holds 44,412 SOL in its treasury.
- Treasury Value: Valued at nearly US$9.95 million, based on fair value pricing of SOL as of UTC 0:00 on September 10, 2025.
- Strategic Context: The move is part of BIT Mining’s shift beyond traditional crypto mining, expanding into blockchain infrastructure, validator operations, and Solana ecosystem participation.
Why This Matters
- Deepening Solana Exposure: With rising interest in Solana for its network speed, ecosystem growth, and strong developer activity, BIT Mining is positioning itself to take advantage of both financial and strategic upside.
- Validator Role: The company also operates validators on Solana, meaning that its treasury accumulation has potential network security benefits along with token appreciation.
- Rebranding & Broader Strategy: The renaming to SOLAI Limited is subject to shareholder approval, signaling a formal shift in the company’s identity toward Solana ecosystem infrastructure and products.
What Next?
- SOL Price Volatility: Since the treasury value is closely tied to SOL’s market price, fluctuations in Solana price could impact perceived value of BIT Mining’s holdings.
- Further SOL Accumulation: Whether BIT continues adding SOL to its treasury, and whether it reaches its earlier roadmap targets, e.g. the planned $200-$300 million funding to build out its Solana-based treasury and infrastructure.
- Performance from Validator Operations: Yield from staking and validator operations, plus how BIT/SOLAI executes on its plans for AI, stablecoins, and payment infrastructure within the Solana ecosystem.
