Nasdaq-listing bit mining has taken its first real step in the Solana ecosystem, launching millions of souls and launched its first verification node.
Summary
- Bit Mining has acquired 27,191 Sol, priced at $ 4.89 million.
- The company launched an in-house Solana verification as part of its long-term strategy.
- Public companies now keep an estimated 3.4 million souls, indicating the growing institutional interest.
On 5 August, the company announced that it acquired 27,191 Solana (Sol), which was around $ 4.89 million. Bit mining after less than a month, after reducing the plan of complete transition in a solana-centered treasury and raising $ 300 million to find its long-term acquisition vision.
Bit mining also showed that it would make all the current crypto holdings such as bitcoins (BTCs), Litcoin (LTC), and dogcoin (Dogi) holdings to all-cool to all-cool, gradually creating its positive unrelated capital.
But just holding SOATS sheets, NYSE-listed company is looking at the property to work.
Dual bet of bit mining on Sol
With its purchase, Bit Mining announced the launch of its first self-in-operated Solana verification. Using an internal team, the company will start staging its sol holdings.
However, it does not suggest what its targets are, the company said that this step is to participate in the director in the consensus process of Solana who earns on-chain rewards. Commenting on the roll-out, Bit Mining Chairman and COO Bo You described the verification launch as a step in the “Operational”.
“This verification launch is a fundamental step in conducting our Solana strategy.
Bit mining on Solan is not being stalked in isolation, and comes amidst the widespread trend of companies stocking the asset.
Solla on balance sheet
Beyond the bit mining, many other firms are also betting on Sol as a treasury asset. Among them is Nasdaq-listed Defi Development Corp, which increased its holdings to 999,999 sool after their latest July 21 purchase.
There is another Upexi, which is publicly trading consumer product company. The UPEXI is currently the largest corporate holder of SOL, with more than 1.8 million tokens in its portfolio.
Solana Holding Solana is now estimated to collectively conduct 3.4 million souls, which is a price of $ 568 million at current prices, accidents for data from blocks.
Meanwhile, bitcoin and atherium (ETH) remain the most widely conducted treasury property. For CoingECO data, public companies are collectively estimated at 927,376 BTC, around $ 105.8 billion. Ethereum Holdings are currently currently currently at 1.75 million eth, which is $ 6.3 billion.
