- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Bit Mining: to Convert Crypto Holdings to SOL and Raise $200M to $300M for Solana Strategic
BlockBeats News, July 10, Crypto mining firm Bit Mining announced that it will undergo a strategic transformation and enter the Solana ecosystem.
As part of this strategic adjustment, BIT Mining will establish a robust SOL treasury as the cornerstone of its strategic transformation. To support its Solana-centered strategy, the company plans to raise $200 million to $300 million in stages depending on market conditions and fund availability. The raised funds will be used to accumulate SOL tokens and enhance the company's treasury through ongoing capital deployment and progressive acquisitions. At the same time, to initiate the treasury, BIT Mining will convert its existing cryptocurrency holdings into SOL and adopt a long-term holding strategy.
You may also like
Gainers
Latest Crypto News
Whale "pension-usdt.eth" has opened a new long position in BTC, with the position reaching $91 million, making it the largest long position on BTC on Hyperliquid.
Hyperliquid Officially Launches Cross-Margin Auto-Deleveraging (ADL) Liquidation System
Today's $13 Billion Nominal Value BTC Options Expire, Maximum Pain at $98,000
A whale sold 100 wBTC, resulting in a total unrealized loss of $30.91 million.
Data: Significant On-Chain Accumulation of chips occurred in the $84,000 to $85,000 range, with two remaining resistance levels above.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App