BIT Mining Bolsters Solana Holdings, Expands Crypto Presence

BIT Mining, with ticker BTCM, has expanded its Solana reserves, boosting its total holdings to over 44,000 tokens. The company's Solana treasury is valued at approximately $9.95 million. BIT Mining operates across various cryptocurrency segments and has a market capitalization of approximately $49.24 million. The company's financial health is mixed, with revenue declining over the past three years, but a cautious approach to leverage. BIT Mining's revenue trends reflect the volatility of the cryptocurrency market, and its operational efficiency is under scrutiny.

BIT Mining, listed under the ticker BTCM, has significantly expanded its Solana (SOL) reserves, increasing its total holdings to over 44,000 tokens. The company's Solana treasury, valued at approximately $9.95 million, reflects a strategic shift towards the Solana ecosystem Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge^[1].

BIT Mining operates across various cryptocurrency segments and has a market capitalization of approximately $49.24 million. The company's financial health is mixed, with revenue declining over the past three years, but a cautious approach to leverage. The revenue trends reflect the volatility of the cryptocurrency market, and the company's operational efficiency is under scrutiny .

The recent acquisition of 17,221 SOL tokens by BIT Mining brings its treasury to more than 44,000 SOL, valued at approximately $9.95 million as of September 10, 2025. The company sees continued value in strengthening its presence within the Solana ecosystem, with validator operations remaining central to its strategy of securing the network and capturing staking rewards Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge^[1].

BIT Mining's decision to focus on Solana comes as the token continues its steady climb. SOL is trading around $226, up 1.2% on the day and edging closer to its all-time high of $293 set in 2021. The company's shift to Solana is part of a broader strategy to transition away from its legacy focus on Bitcoin, Litecoin, Dogecoin, and Ethereum Classic mining Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge^[1].

The surge in treasury activity comes as institutional interest in Solana is intensifying. Major firms are preparing multi-billion-dollar treasury strategies on the blockchain, with several entities already holding significant amounts of SOL. For example, DeFi Development Corp added 196,141 SOL to its balance sheet on September 5, spending $39.76 million .

Canada-based SOL Strategies began trading on Nasdaq under the ticker STKE on September 10 with $94 million in Solana treasury holdings, becoming the first U.S.-listed Solana-focused public company. The firm now manages 3.62 million SOL under delegation, including 402,623 from its treasury, and reports record staking participation from nearly 9,000 wallets .

The growing interest in Solana is reflected in its market performance. Solana (SOL) has climbed above $220 for the first time since February, hitting a seven-month high as capital flows and technical signs point to renewed momentum. The rally comes despite a slowdown in new user onboarding, with address creation at a five-month low. Analysts suggest the surge is being driven by existing holders and institutional accumulation rather than fresh retail inflows .