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Solana Treasury Firms Boost Holdings to 6.5M SOL as Upexi Posts 126% Surge
Yahoo Finance· 2025-09-11 21:07
Solana treasury firms are rapidly expanding their holdings, with total reserves climbing to 6.49 million SOL, as institutional interest in the network shows no signs of slowing. The latest disclosures from BIT Mining Limited and Upexi Inc. show the growing momentum behind corporate Solana treasuries, reflecting both long-term conviction and short-term gains from the token’s price rally. Corporate Bets on Solana Grow as Treasury Gains and Staking Income Accelerate BIT Mining Limited, a cryptocurrency inf ...
BIT Mining Continues Solana Strategy with 17,221 SOL Purchase
Prnewswire· 2025-09-11 10:00
Accessibility StatementSkip Navigation The Company, soon to be renamed SOLAI Limited, now holds 44,412 SOL in its treasury AKRON, Ohio, Sept. 11, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE:Â BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the purchase of an additional 17,221 SOL to add to the Company's growing SOL treasury. This milestone brings our treasury to over 44,000 SOL. The treasury is valued at approximately $9.95 million, ...
LQWD's Lightning Network Strategy Shows Strong Initial Bitcoin Yield; Results Highlight Potential Yield at Scale on LQWD's BTC Treasury
Newsfile· 2025-08-27 12:00
Core Insights - LQWD Technologies Corp. has reported strong initial results from its Lightning Network yield initiative, achieving an approximate 24% annualized yield over a 24-day testing period with 19.75 Bitcoin deployed [1][2][4] - The company aims to continue scaling its Bitcoin deployment while optimizing strategies to maximize yield on its Bitcoin treasury [2][4] - The test results indicate a conservative APR of approximately 2.5% if all deployed Bitcoin had been active from the start, but the weighted result of 24% reflects more efficient deployment [3] Company Operations - LQWD operates as a Lightning Service Provider (LSP), utilizing a portion of its Bitcoin treasury to support its global infrastructure [5][7] - The company's network has processed around 1.6 million transactions, highlighting its significant role in facilitating instant, low-cost global payments [5] - LQWD's infrastructure is designed to earn transaction fees and support network liquidity, contributing to the advancement of Bitcoin adoption through the Lightning Network [7][8] Strategic Positioning - With a strategic Bitcoin treasury and scalable infrastructure, LQWD offers investors exposure to both Bitcoin's long-term appreciation and the revenue potential of Lightning-based payment technology [8]
BIT Mining Limited Launches DOLAI, a USD-backed Stablecoin on Solana, Expanding in AI-Powered Financial Infrastructure
Prnewswire· 2025-08-26 10:00
AKRON, Ohio, Aug. 26, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the launch of DOLAI, a U.S. dollar ("USD")-backed stablecoin designed to connect AI agents, merchants, consumers, and institutional finance on Solana's high-speed blockchain ecosystem, with planned expansion into broader multi-chain interoperability. DOLAI is being launched in collaboration with Brale Inc. ("Brale"), a ...
BIT Mining Limited to Report Second Quarter 2025 Financial Results on August 14, 2025
Prnewswire· 2025-08-11 11:00
Group 1 - BIT Mining Limited plans to release its unaudited financial results for Q2 2025 on August 14, 2025, after U.S. market close [1] - The company is transitioning its core business towards Solana (SOL) treasury operations, focusing on building an integrated ecosystem centered on SOL staking and ecosystem development [2] - BIT Mining is repurposing its legacy capabilities, including 7nm ASIC design, data center operations, and mining machine manufacturing, to optimize treasury efficiency and support sustainable value creation [2]
BIT Mining Advances Solana Strategy with 27,191 SOL Purchase and Validator Launch
Prnewswire· 2025-08-05 10:30
Core Insights - BIT Mining Limited has launched its first Solana (SOL) validator and purchased 27,191 SOL for approximately US$4.89 million, marking a strategic shift into the Solana ecosystem [1][2] - The validator is operated by BIT Mining's internal team and aims to contribute to Solana's network decentralization and security while generating on-chain rewards [2][3] - The company plans to raise up to $300 million for further SOL acquisitions and infrastructure development, indicating a strong commitment to the Solana ecosystem [1][4] Company Strategy - The launch of the validator is seen as a foundational step in operationalizing BIT Mining's Solana strategy, emphasizing active participation in powering the network rather than merely holding SOL [3] - BIT Mining is exploring additional opportunities within the Solana ecosystem, combining its growing SOL treasury with validator operations to capture financial and strategic benefits [3][4] - The company is transitioning its core business towards Solana treasury operations, leveraging its expertise in blockchain infrastructure to optimize treasury efficiency [4]
Banxa Holdings Inc. Announces Mailing of Meeting Materials and Receipt of Interim Order
Newsfile· 2025-08-01 20:05
Core Viewpoint - Banxa Holdings Inc. is preparing for an annual general and special meeting to discuss a proposed arrangement for the acquisition of its shares at a cash consideration of C$1.55 per share [2][4]. Group 1: Meeting Details - The meeting is scheduled for August 28, 2025, at 10:00 a.m. Vancouver time [1]. - Meeting materials were mailed to securityholders on August 1, 2025, for those recorded as of July 24, 2025 [2]. - The agenda includes voting on annual business matters for the financial years ended June 30, 2024, and 2023, and the Arrangement Resolution [2]. Group 2: Arrangement Resolution - The Arrangement involves OSL Group Limited and OSL BNXA Acquisition Inc. acquiring all issued and outstanding shares of Banxa for C$1.55 per share [2]. - Completion of the Arrangement is contingent upon several factors, including approval at the meeting, a final court order, acceptance by the TSX Venture Exchange, and necessary regulatory approvals [5]. Group 3: Company Overview - Banxa is a leading infrastructure provider for embedded crypto, facilitating seamless integration of crypto and fiat payments for businesses [9]. - The company operates globally with a focus on enhancing payment solutions and regulatory compliance in the evolving crypto economy [9].
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
Globenewswire· 2025-07-15 18:46
Core Viewpoint - LQWD Technologies Corp. has launched an at-the-market equity program allowing the issuance of up to $10,000,000 in common shares to support its strategy of accumulating Bitcoin and expanding its Lightning Network infrastructure [1][2]. Group 1: Equity Program Details - The ATM Program enables the company to issue common shares from treasury to the public at its discretion [1]. - Distributions will be made under an equity distribution agreement with Haywood Securities Inc., and sales will occur only in Canada [3][4]. - The program will remain effective until either all shares are sold or until December 31, 2025, unless terminated earlier [5]. Group 2: Strategic Importance - The ATM Program is designed to enhance LQWD's ability to execute its strategy of rapidly accumulating Bitcoin, which is essential for powering the Lightning Network [2]. - The company aims to lead in the Lightning Network ecosystem, with Bitcoin holdings as a core component of its strategy [4]. Group 3: Financial Use of Proceeds - Net proceeds from the ATM Program are intended for the continued development and growth of the company, including acquisitions, research and development, and marketing initiatives [5]. - Until utilized, proceeds may be held as cash or invested at the company's discretion [5]. Group 4: Company Overview - LQWD Technologies Corp. focuses on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [11]. - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [11]. - LQWD offers investors exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution [12].