Chinese Bitcoin Miner Company is Preparing to Invest Heavily in This Altcoin! "We Will Sell All Our Cryptocurrencies and Buy This Altcoin!"

Bitcoin (BTC), Ethereum (ETH) and altcoin strategies have recently increased as treasury strategy plans rise, while the latest move came for Solana (SOL).

At this point, BIT Mining announced that it would raise up to 300 million dollars for the Solana treasury.

Chinese Company Makes a Move on Solana (SOL)!

According to the official statement, Chinese Bitcoin miner BIT Mining announced a strategic move to enter the Solana (SOL) ecosystem through its official website.

The company also added that it plans to raise between 200 million and 300 million dollars to create a SOL treasury.

"We will grow Solana assets within the scope of strategic transformation.

Considering market conditions and the current capital, we plan to raise funds ranging from a minimum of 200 million dollars to a maximum of 300 million dollars.

The newly raised funds will be used to purchase Solana tokens.

BIT Mining also stated that it plans to convert its existing cryptocurrency assets to Solana.

The company stated, "We will adopt a long-term holding strategy for Solana. We aim to increase participation in the Solana ecosystem and generate on-chain staking rewards."

The company stated that it aims to support the Solana network by leveraging its infrastructure and expertise, and to strengthen its reserves through ongoing SOL token purchases.