While the cash strategy, the PLAs have recently been increasing for Bitcoin (BTC), Ethereum (ETH) and Altcoins, the last movement comes for Solana (soil).
To this question, Bit Mining announced that it would have up to $ 300 million for the Solana Treasury.
The Chinese company moves to Solana (ground)!
According to the official declaration, the Chinese Bitcoin Bit Miner Bit Mining (BTCM) has annul a strategic movement to develop in the Solana ecosystem (soil) via its official website.
The company added that it planned to raise between $ 200 and $ 300 million to build the Treasury soil.
“As part of our strategic transformation, we will develop Solana assets.
Given the available market and capital conditions, we plan to collect funds, from $ 200 million to a maximum of $ 300 million.
The newly collected funds will be used to buy Solana tokens.
Bit Mining also said that he was planning to convert his existing cryptocurrency participations in Solana.
“We will adopt a long -standing relaxation strategy for Solana. We aim to increase partiticification in the Solana ecosystem and generate awards of implementation on a plan,” said the company.
The company said that it aims to support the Solana network using the ITES infrastructure and the expertise and the strength of its reserves with continuous land.
* These are not impact advice.