BIT Mining has nearly doubled its Solana (SOL) holdings to 44,000 tokens, while Upexi reported a 126% increase in its adjusted SOL per share. The current trading value of SOL is around $226, with Upexi’s crypto treasury now valued at over $456 million.
BIT Mining is transitioning its operations to the Solana ecosystem, aiming to raise up to $300 million to acquire SOL. The company plans to convert its existing crypto holdings to SOL and run validator nodes to enhance network decentralization while pursuing a long-term holding strategy.