Bit Mining buys 27 SOL and launches its own validator on Solana

• Bit Mining acquires 27.191 SOL as a treasury strategy
• Company launches its own validator on the Solana network
• SOL staking strengthens blockchain security and decentralization

Bit Mining, a cryptocurrency mining company listed on the New York Stock Exchange under the ticker BTCM, announced the purchase of 27.191 SOL, equivalent to US$4,89 million, as part of its strategy to build a Solana-based treasury infrastructure.

The acquisition was accompanied by the launch of a proprietary validator, operated internally by the company, which will be used to stake SOL assets and thus generate on-chain rewards. This move is part of a broader plan by the company, which aims to raise up to US$300 million to expand its presence in the Solana ecosystem, including new acquisitions and operational structuring.

With this move, Bit Mining joins a growing group of public companies that have begun incorporating blockchain validation operations into their business models, using Solana not only as a financial asset but also as infrastructure for recurring revenue via staking.

DeFi Development Corp (DFDV), for example, increased its corporate SOL supply to 1,29 million tokens, valued at over $216 million. The company also stakes multiple validators and recently completed a $112,5 million private placement to continue accumulating Solana.

Along the same lines, Upexi (UPXI) secured a $500 million credit line for additional SOL purchases and other corporate purposes, signaling greater institutional confidence in the asset's performance and staking revenue model.

Data compiled up to August 5th indicates that the total amount of SOL in corporate treasury bonds already exceeds 3,4 million tokens, valued at more than US$568 million, according to a market survey.

Bit Mining's proprietary validator structure aims not only to monetize its position but also to reinforce the decentralization and security of the Solana network, contributing to its long-term stability while positioning the company among institutional players with direct exposure to the blockchain.