Bit Mining (NYSE: BTCM) announced on September 11, 2025, that it has added 17,221 Solana (SOL) to its corporate treasury, bringing total holdings to 44,412 SOL. At fair value as of 00:00 UTC on September 10, 2025, the position is worth approximately $9.95 million. The Akron, Ohio-based company characterized the acquisition as a continuation of its broader strategy rather than a one-time purchase.
Strategic Alignment: Treasury Accumulation and Validator Operations
Bit Mining, which is transitioning from a pure mining firm into a comprehensive crypto infrastructure company covering payments, stablecoins, and data infrastructure, said it also operates validators on the Solana network. Chairman and COO Bo Yu stated, “We continue to see value in growing our presence in the Solana ecosystem,” adding that the additional SOL is intended to strengthen the firm’s position while maintaining validator operations. This dual approach of treasury accumulation and active network participation aligns the company technically with Solana’s onchain economy.
Stablecoin DOLAI and Multi-Chain Plans
The company also referenced its U.S. dollar-denominated stablecoin DOLAI, launched on Solana in collaboration with Brale Inc. DOLAI is designed to connect AI agents, merchants, consumers, and institutions, with plans for multi-chain interoperability and a compliance framework. This stablecoin initiative further underscores Bit Mining’s deepening commitment to the Solana ecosystem.
Rebranding and Industry Trend
Bit Mining plans to rename itself SOLAI Limited, pending shareholder approval — a move that would highlight its focus on Solana and AI. The company is part of a growing “altcoin treasury movement,” a trend that gained significant momentum after a wave of Bitcoin treasury firms emerged in 2025. More crypto enterprises are now diversifying their reserves into leading altcoins like Ethereum and Solana to capture additional yield and ecosystem alignment.
Bit Mining’s latest acquisition comes amid Solana’s continued expansion across DePIN, DeFi, and AI agent verticals. By holding and staking SOL, the company not only earns staking rewards but also contributes to the network’s security and decentralization. With a treasury of 44,412 SOL and active validator operations, Bit Mining is positioning itself as a key stakeholder in the Solana ecosystem.