Akron, Ohio-based crypto infrastructure firm Bit Mining (NYSE: BTCM) announced on Sept. 11 that it has acquired an additional 17,221 Solana (SOL) tokens, bringing its total treasury holdings to 44,412 SOL. At fair value as of 00:00 UTC on Sept. 10, 2025, the portfolio is worth approximately $9.95 million.
SOL Treasury Grows as Validators Go Live
The company said the latest purchase is part of a broad strategy centered on the Solana network. Bit Mining currently operates validators on Solana to enhance network security and earn staking rewards. Subject to shareholder approval, the firm plans to rebrand as SOLAI Limited, signaling a long-term commitment to the Solana ecosystem.
Bit Mining Chairman and COO Bo Yu commented: “We continue to see value in growing our presence in the Solana ecosystem. The additional SOL is intended to strengthen our position while we maintain validator operations.”
Stablecoin DOLAI and Multi-Chain Ambitions
Bit Mining also highlighted its recent launch of DOLAI, a U.S. dollar-denominated stablecoin built on Solana in collaboration with Brale Inc. DOLAI is designed to bridge AI agents, merchants, consumers, and institutions, with plans for multi-chain interoperability and a compliance framework through its partner.
The company describes itself as a crypto infrastructure provider expanding from mining into payments, stablecoins, and data infrastructure. The SOL treasury accumulation and staking operations are part of its broader expansion across Solana and other blockchain ecosystems. Bit Mining joins a growing list of firms embracing the “altcoin treasury” trend, which gained significant momentum after a wave of BTC treasury initiatives in 2025.