The Akron, Ohio-based company said the purchase lifts its holdings to 44,412 SOL, valued at $9.95 million at fair value at 0:00 UTC on Sept. 10, 2025. Bit Mining, which trades on the NYSE under ticker BTCM, disclosed the move publicly on Sept. 11 and said it will operate validators for security.

Bit Mining, which plans to rename itself SOLAI Limited pending shareholder approval, views a combined approach of treasury accumulation and validator operations as a way to align technically with Solana’s onchain economy. The company characterized the latest acquisition as a continuation of its broader strategy rather than a one-off purchase.

Chairman and Chief Operating Officer Bo Yu said the company “continue[s] to see value in growing our presence in the Solana ecosystem,” adding that the additional SOL is intended to strengthen the firm’s position while it maintains validator operations.

The company referenced its rollout of DOLAI, a U.S. dollar-denominated stablecoin on Solana introduced in collaboration with Brale Inc. Bit Mining said DOLAI is designed to connect AI agents, merchants, consumers, and institutions, with plans for multi-chain interoperability and a compliance framework via its partner.

Bit Mining describes itself as a cryptocurrency infrastructure company expanding from mining into a stack that includes payments, stablecoins, and data infrastructure. The company said the SOL treasury and staking operations are also part of that expansion across Solana and other blockchain ecosystems. It’s one of many firms that are included in the altcoin treasury movement, a trend that has gained notable ground following an onslaught of BTC treasury firms in 2025.

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