Bitprismia

BIT Mining Makes Bold Shift Into Solana With $300M Bet

2025-07-10 17:36:31

Main Idea

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Key Points

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Description

BIT Mining, a public company listed on the New York Stock Exchange (NYSE), has announced a significant shift in its business strategy. The company revealed it will now focus on the Solana blockchain and start buying the Solana native token (SOL). To support this move, it plans to raise between $200 million and $300 million. The decision is part of the company’s broader effort to grow its presence in the crypto industry and bring more value to its shareholders. BIT Mining to Fully Switch to SOL a...

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