• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BIT Mining Announces Entry into Solana Ecosystem with $300 Million Raise

user avatar

by Giorgi Kostiuk

11 hours ago


BIT Mining has announced its intention to enter the Solana ecosystem, leading to a significant surge in the company's stock and investor interest.

Strategic Move into Solana

Under CEO Xianfeng Yang, BIT Mining has revealed plans to pivot into the Solana ecosystem, focusing on creating a significant treasury of SOL tokens. "We are excited to take this bold step into what we believe is one of the most dynamic and promising ecosystems in the blockchain space." CITE_W_A

Market Reaction and BIT Mining Shares

Following the announcement, BIT Mining (BTCM) shares saw a substantial rise in pre-market hours, jumping from $2 to $11, illustrating significant market interest. This move is viewed as a bid to enhance Solana's decentralization by operating validator nodes.

Potential Implications for the Crypto Market

Financial impacts include the redirection of existing holdings into SOL, potentially leading to long-term rewards. Discussions on social media suggest interest in broader institutional adoption of Solana, with market observers noting possible implications for Bitcoin, Litecoin, and Dogecoin as BIT Mining reallocates reserves.

In conclusion, BIT Mining's shift towards the Solana ecosystem may influence trends within the cryptocurrency industry, increasing interest in validator nodes and long-term investments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Terra Nexus and Sinohydro Sign MoU for Mining in West Africa

chest

Terra Nexus has signed a memorandum of understanding with Sinohydro for joint mining in West Africa and the introduction of WFCA tokens.

user avatarGiorgi Kostiuk

Lula da Silva on the Impact of the US on Brazil's Economy

chest

Brazil's President Lula da Silva remarked on the country's ability to overcome economic challenges without US involvement after Trump's tariff threats.

user avatarGiorgi Kostiuk

Analysis of Current Trends in the Cryptocurrency Market: XRP, Bitcoin, and Shiba Inu

chest

Overview of recent price changes for XRP, Bitcoin, and Shiba Inu, including technical indicators and future forecasts.

user avatarGiorgi Kostiuk

Solana: Price Prediction for 2025 and the Potential to Overtake Ethereum

chest

Experts discuss if Solana can achieve #2 crypto status by market cap by 2025.

user avatarGiorgi Kostiuk

Jonathan Gould appointed as OCC Comptroller: Implications for Crypto Regulation

chest

The U.S. Senate has confirmed Jonathan Gould as OCC Comptroller, which may impact cryptocurrency regulation.

user avatarGiorgi Kostiuk

Bitcoin Surpasses $116,000: Reasons Behind the Crypto Market's Rise

chest

Bitcoin and Ethereum continue to rise, driven by institutional interest and political factors.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.