BIT Mining is ditching diversification to go all-in on Solana. The firm will liquidate its current crypto portfolio and raise up to $300 million to build a SOL-heavy treasury while staking its future on one chain.

On July 10, NYSE-listed crypto mining company BIT Mining announced a radical pivot from its Bitcoin (BTC)-centric roots, unveiling plans to raise as much as $300 million to amass a Solana Solana

sol

4.41%

Solana-dominated treasury.

The company said it will convert its existing crypto reserves, previously diversified across assets like BTC, Litecoin (LTC), and Dogecoin (DOGE), into SOL and build exposure in phases, depending on capital availability.

The move signals BIT Mining’s full-throttle embrace of Solana’s high-speed ecosystem, with plans to hold SOL long-term and actively participate in operating the network’s validator nodes.