BIT Mining’s $300M Solana Treasury Expansion Signals Bullish Bet on SOL’s Future
In a bold strategic move, BIT Mining Limited has announced its expansion into the Solana ecosystem with plans to establish a $300 million SOL treasury. This initiative, funded through phased capital raises of $200 million to $300 million and the conversion of existing crypto holdings into SOL, underscores the company's confidence in Solana's high-performance blockchain. The decision reflects a long-term accumulation strategy aimed at leveraging Solana's growing prominence in the cryptocurrency space. As of July 2025, this development highlights the increasing institutional interest in SOL and its potential for significant price appreciation. BIT Mining's pivot into Solana could further bolster SOL's market position, making it a key asset to watch in the coming years.
BIT Mining Expands into Solana with $300M SOL Treasury
BIT Mining Limited, a leading cryptocurrency mining firm, has unveiled a strategic pivot into the solana ecosystem. The company plans to establish a SOL treasury valued at up to $300 million, funded through phased capital raises of $200 million to $300 million. Existing crypto holdings will also be converted into SOL as part of a long-term accumulation strategy.
The MOVE aims to capitalize on Solana's high-performance blockchain and thriving developer community. BIT Mining will further bolster the network by operating validator nodes, securing staking rewards while contributing to decentralization. CEO Xianfeng Yang framed the initiative as a bet on one of blockchain's most dynamic sectors, aligning with the company's broader vision for sustainable shareholder value.
Solana Price Prediction: Will SOL Hit $185 Next?
Solana (SOL) is showing renewed bullish momentum, rising 3.5% in the past 24 hours to $163.76. The token has gained 11.74% since July began, outpacing many altcoins with a 7.4% weekly climb.
2025 has been a rollercoaster for SOL—January's 22.3% gains were erased by Q1's 34.1% plunge, but April and May rebounded with 18.6% and 6.11% growth respectively. July's rally from $146.90 suggests accumulating strength.
Technical analysts note a potential Wave 4 pullback to $152-$158, but maintaining $150 support could fuel a Wave 5 surge toward $175-$185. 'The Fibonacci extensions align with historical resistance levels,' observes one chartist, suggesting this isn't just a dead-cat bounce.
Aurora Mobile Considers Solana for Crypto Treasury Strategy
Aurora Mobile Limited (NASDAQ: JG) is evaluating Solana (SOL) as a cornerstone of its cryptocurrency treasury strategy, following board approval in June 2025. The company emphasizes Solana's utility beyond speculation, citing its rapid transaction speeds and low fees as critical advantages for its app developer and exchange client base.
Institutional adoption of Solana is a key driver behind the decision. Aurora Mobile views the layer-1 blockchain as both an inflationary hedge and a treasury diversification tool. "This strategy reflects our long-term conviction in Solana's infrastructure," said Weidong Luo, CEO. "Its technical merits align with our mission to bridge mobile ecosystems and blockchain innovation."
The China-based customer engagement firm, founded in 2011, specializes in cloud messaging and data-driven marketing tools. Its potential SOL allocation signals growing corporate interest in blockchain solutions with tangible operational benefits.
Pump.fun Acquires Wallet Tracker Kolscan to Expand Onchain Trading Tools
Pump.fun, a key player in Solana's meme coin ecosystem, has acquired Kolscan, a real-time wallet tracker. The move aims to deepen Pump.fun's presence in crypto data and trading by integrating Kolscan's granular wallet behavior analytics.
Kolscan's technology tracks profit/loss, ranks trader performance, and provides transparency into successful wallets. The acquisition signals Pump.fun's expansion beyond token launches into social trading, with gamification and community-driven speculation at its core.
The announcement precedes the launch of PUMP, the platform's native token, which is already trading at a 40% premium on Hyperliquid. Pump.fun has generated over $600 million in protocol revenue to date.
Nasdaq-Listed Upexi Secures $200M Financing with Solana Treasury Focus
Upexi (UPXI), a Nasdaq-listed consumer brands company, has secured $200 million in new financing through equity and convertible note offerings. A significant portion will bolster its cryptocurrency treasury, specifically targeting Solana (SOL). The firm's CEO and institutional investors participated in a $50 million equity raise, with shares priced at $4.00 each.
The remaining $150 million comes from convertible notes collateralized by SOL, carrying a 2% annual interest rate. These notes are convertible into Upexi stock at $4.25 per share and mature in 24 months. The company's SOL holdings grew 8% to 735,692 tokens as of June 24, reflecting its deepening commitment to crypto treasury strategies.
Solana's price surged 6.23% to $166.28 amid the news, underscoring market Optimism around institutional adoption. The financing deals are expected to close by mid-July, further cementing Upexi's position as a corporate crypto adopter.
Upexi, Inc. (UPXI) Stock Surges on $200M Crypto-Backed Capital Raise and Solana Strategy
Upexi, Inc. (NASDAQ: UPXI) shares climbed 1.59% to $5.04 by midday trading following the announcement of a dual capital raise totaling nearly $200 million. The e-commerce company secured $50 million through an equity offering, with CEO Allan Marshall participating at a premium $4.94 per share price. A separate $150 million Solana-backed note offering signals aggressive expansion into blockchain infrastructure.
The capital injection fuels Upexi's strategic pivot toward cryptocurrency markets, particularly its Solana treasury accumulation. Market reaction showed early volatility, with shares peaking at $5.60 before settling at $5.04. The private placement, managed by A.G.P./Alliance Global Partners, targets institutional investors and is slated to close by July 2025.
