BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot
2025-07-10 17:51:30
Main Idea
The article discusses various cryptocurrency-related events, including BIT Mining's share price surge, a Nasdaq-listed company's pivot to Solana, Bitcoin's new all-time high, and a DeFi lender's student loan initiative.
Key Points
1. BIT Mining's share price soared 143% after announcing plans to convert its holdings into SOL, despite being far below its all-time high from 2021.
2. A Nasdaq-listed online education platform announced a strategy to acquire and stake SOL, purchasing 6,472 SOL worth approximately $1.05 million.
3. Bitcoin reached a new all-time high price of $112,599, driven by crypto-friendly political developments and market momentum.
4. DeFi lender Pencil Finance deployed $1 million for student loans in the Philippines and Indonesia, utilizing a Layer-3 blockchain for educational applications.
Description
The U.S. miner also wants to convert its current holdings to SOL.
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