U.S. Bit Mining buys additional 17,000 Solana… total holdings $10 million

JOON HYOUNG LEE

Summary

Bit Mining said it purchased an additional 17,221 Solana (SOL).
Thus, the company's total Solana holdings were 44,412, valued at about $9.95 million.
Bit Mining said it would add Solana to its strategic assets to strengthen its position within the ecosystem.

Bit Mining, listed on the New York Stock Exchange (NYSE), has made a large additional purchase of Solana (SOL).

On the 11th (local time), Bit Mining said it purchased an additional 17,221 Solana. Bit Mining's Solana holdings were tallied at 44,412 as of that day. They're valued at $9.95 million (about 14 billion KRW).

Bit Mining, a Bitcoin mining company, declared in July that it would stockpile Solana. Bo Yu, Bit Mining's chairman and chief operating officer (COO), said, "We believe it is valuable to increase Bit Mining's presence in the Solana ecosystem," adding, "Adding Solana to the company's strategic assets will further strengthen (Bit Mining's) position within the ecosystem."

SOL