Whereas treasury technique plans have been on the rise lately for Bitcoin (BTC), Ethereum (ETH), and altcoins, the most recent transfer comes for Solana (SOL).
At this level, BIT Mining introduced that it might increase as much as $300 million for the Solana treasury.
Chinese language Firm Makes Transfer to Solana (SOL)!
In response to the official assertion, Chinese language Bitcoin miner BIT Mining (BTCM) introduced a strategic transfer to increase into the Solana (SOL) ecosystem by means of its official web site.
The corporate added that it plans to boost between $200 million and $300 million to construct the SOL treasury.
“As a part of our strategic transformation, we are going to develop Solana belongings.
Contemplating market circumstances and obtainable capital, we plan to boost funds from a minimal of $200 million to a most of $300 million.
The newly raised funds might be used to buy Solana tokens.
BIT Mining additionally acknowledged that it plans to transform its current cryptocurrency holdings to Solana.
“We’ll undertake a long-term holding technique for Solana. We goal to extend participation within the Solana ecosystem and generate on-chain staking rewards,” the corporate mentioned.
The corporate acknowledged that it goals to help the Solana community by using its infrastructure and experience and strengthen its reserves with ongoing SOL token purchases.
*This isn’t funding recommendation.
