BIT Mining Expands Solana Strategy with Major SOL Purchase

BIT Mining ( (BTCM) ) has shared an announcement.

On September 11, 2025, BIT Mining Limited announced the purchase of an additional 17,221 SOL, increasing its SOL treasury to over 44,000 SOL, valued at approximately $9.95 million. This move is part of the company’s strategy to strengthen its position in the Solana ecosystem, where it is also exploring further opportunities and has recently launched the DOLAI stablecoin in collaboration with Brale Inc. The expansion into Solana’s ecosystem reflects BIT Mining’s commitment to capturing financial and strategic benefits from the rapidly growing on-chain economy.

Spark’s Take on BTCM Stock

According to Spark, TipRanks’ AI Analyst, BTCM is a Neutral.

BIT Mining’s overall stock score reflects substantial financial and operational challenges. The company is struggling with declining revenues and persistent losses, impacting its financial performance. Technical analysis indicates a lack of positive momentum, compounded by a negative valuation profile due to ongoing losses and no dividend yield. These factors outweigh any positive aspects, such as a stable capital structure.

To see Spark’s full report on BTCM stock, click here.

More about BIT Mining

BIT Mining Limited, soon to be renamed SOLAI Limited, is a technology-driven cryptocurrency infrastructure company that has expanded from its roots in crypto mining to develop a blockchain-based ecosystem. This ecosystem includes AI, stablecoins, payment infrastructure, and SOL treasury and staking operations, supporting various use cases such as institutional settlement, commerce, consumer payments, and AI-native agent transactions.

Average Trading Volume: 3,493,036

Technical Sentiment Signal: Hold

Current Market Cap: $44.03M

Learn more about BTCM stock on TipRanks’ Stock Analysis page.